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Tag Archives: #technical_analysis

FxWirePro: USD/JPY holds above 113 handle, concerns over corporate tax cuts delay to keep USD subdued

USD/JPY holds above 113 handle, concerns over corporate tax cuts delay to keep USD subdued   USD/JPY slumped overnight amid concerns that corporate tax cuts would be significantly delayed. The pair slipped to fresh lows for the month, hit 113.09 before paring some losses to close at 113.45. Price action …

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FxWirePro: NZD/USD upside pauses at 20-dma, finds little impetus from china’s mixed inflation data

NZD/USD upside pauses at 20-dma, finds little impetus from china’s mixed inflation data RBNZ left rates unchanged, but the Kiwi found support from the policy announcements, with the outlook for an early 2019 hike maintained. RBNZ left the Official Cash Rate (OCR) unchanged at 1.75 percent forecasting rates rising in …

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FxWirePro: AUD/USD bears resume after engulfing pattern, shooting star propels major downtrend – tunnel spreads to leverage trade yields and short hedge

AUD/USD bears resume after engulfing pattern, shooting star propels major downtrend – tunnel spreads to leverage trade yields and short hedge From last two weeks, AUDUSD trend has been drifting through non-directional mode. Bearish engulfing patterns has occurred at 0.7646 levels to signal weakness. The stiff resistance is observed at …

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