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Tag Archives: #forex

EUR/CHF consolidates trendline break, minor weakness likely below 5-dma at 1.1728

EUR/CHF consolidates trendline break, minor weakness likely below 5-dma at 1.1728 EUR/CHF resumes upside after brief dip on Tuesday’s trade, bias higher. Technical bias is bullish. Breakout at major trendline resistance at 1.1745 has raised scope for upside. Price has bounces off 20-DMA support and is currently consolidating trendline break. …

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USD/TWD likely to slide further, maintain tight correlation with usd/cnh: ScotiaBank

USD/TWD likely to slide further, maintain tight correlation with usd/cnh: ScotiaBank USD/TWD is likely to slide further going forward while running a tight correlation with USD/CNH. The TWD is expected to trade in tandem with the CNH given their high correlation that has been increasing since mid-2017, according to the …

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