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Monthly archive July, 2017

NZDUSD – New Zealand Dollar Eyeing a Break Below 0.7250

Key Points

  • The New Zealand Dollar recently failed near 0.7343 once again versus the US Dollar and moved down.
  • There was a break below a major contracting triangle pattern with support at 0.7280 on the hourly chart of NZDUSD.
  • Today Read More →

Tech Targets: EUR/USD, GBP/USD, USD/JPY, NZD/USD – UOB

EUR/USD: Bullish (since 28 Jun 17, 1.1335): To exit half of long position at 1.1435.

EUR closed lower for the second straight day and this does not bode well for our current bullish view. As highlighted in recent updates, Read More →

GBPUSD – British Pound To Correct Further Vs US Dollar

Key Points

  • The British Pound made a nice upside move this past week before finding resistance near 1.3030 against the US Dollar.
  • The GBPUSD pair traded lower and broke a major bullish trend line with support at 1.2995 on the Read More →

RBA stays put, Aussie declines; N.Korea Missile test sets the negative tone

Asia was mostly lower this morning and European reflected most of the negativity so far as well, geo-political tensions were at play and dragged on sentiment.

News headlines of a claimed-to-be succesful test for North Koreas’s intercontinental ballistic missile Read More →