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AUD/USD: Confirming A Break Above 1-Year Trendline – BofAML

Bank of America Merrill LyncgFX Technical Strategy Research notes that AUD/USD has rallied through a trend line connecting four prior peaks since April 2016 and closed above 0.7710 which implies that this trend line has been broken.

"Our technical Read More →

EURGBP – Can Euro Hold 0.8810-00 Vs British Pound

Key Points

  • The Euro recently made a top near 0.8900 and started moving down against the British Pound.
  • There was a break below a major bullish trend line 0.8850 on the hourly chart of EURGBP.
  • Today in the Euro Zone, Read More →

EUR/USD: Dips To Prove Shallow; Where To Target? – Danske

In reaction to ECB’s recent flirt with stimulus exit talk, Danske Bank FX Strategy argued that as the ECB has let the genie out of the bottle for EUR/USD, it's unlikely to expect any substantial dip in the cross near Read More →

NZDUSD – New Zealand Dollar Remains Buy on Dips Vs US Dollar

Key Points

  • The New Zealand Dollar made a nice upside move recently and traded towards 0.7370 against the US Dollar.
  • There is a major bullish trend line with support as 0.7300 forming on the hourly chart of NZDUSD.
  • Today in Read More →

USDCAD – US Dollar Consolidating Losses Below 1.2800 Vs Canadian Dollar

Key Points

  • The US Dollar declined sharply from the 1.2940 level against the Canadian Dollar.
  • The USDCAD pair broke an ascending channel pattern support at 1.2900 on the hourly chart.
  • Recently in Canada, the New Housing Price Index (NHPI) for Read More →