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CRUDE OIL Faces Further Bear Pressure, Eyes 68.27 Area

CRUDE OIL faces bear pressure following its Wednesday price sell off. On the downside, support resides at the 68.50 level where a break will expose the 68.00 level. A cut through here will set the stage for a run at the 67.50 level. Further down, support resides at the 67.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On

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GBPUSD Upside Momentum Halts , Eyes 1.3082 Zone

GBPUSD upside momentum was halted during Wednesday trading session. It now eyes its support located at 1.3082 level. Further down, support comes in at the 1.3050 level where a break will turn focus to the 1.3000 level. Further down, support lies at the 1.2950 level. Below here will set the stage for more decline towards the 1.2900 level. Its daily RSI is bearish

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USDCAD Remains Vulnerable Towards 1.2926/00 Zone

USDCAD remains vulnerable towards 1.2926/00 zone as it retains its pullback pressure. Support lies at the 1.2900 level where a break will aim at the 1.2850 level. Further down, support comes in at the 1.2800 level where a turn lower may occur. But if further weakness occurs support comes in at the 1.2750 level. Its daily RSI is bearish and pointing lower suggesting

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GOLD Eyes Further Strength Towards 1,235.00 Zone

GOLD eyes further strength short term as it looks for strength. On the downside, support comes in at the 1,220.00 level where a break will turn attention to the 1,210.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here if seen could trigger further downside pressure targeting the 1,190.00 level. Its

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AUDUSD Faces Price Recovery Extension, Eyes 0.7196 Zone

AUDUSD faces price recovery extension as it headed higher during early Monday trading today. Support resides at the 0.7100 level where a breach will aim at the 0.7050 level. Below that level will set the stage for a run at the 0.7000 level with a cut through here targeting further downside pressure towards the 0.6950 level. On the upside, resistance lies at the

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EURUSD Bull Recovery Remains Intact But With Caution

EURUSD bull recovery remains intact as more strengthen is envisaged. But with price hesitation seen on Friday that strength may subside a bit. On the upside, resistance comes in at 1.1600 level. A break through there opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. On

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NZDUSD Corrective Bull Pressure Remains Intact

NZDUSD corrective bull pressure remains intact as it saw a rally during Thursday trading session. Resistance resides at the 0.6650 level where a break will turn attention to the 0.6700 level. A break of here will have to occur to create scope for a move towards the 0.6750 level. Further out, resistance stands at the 0.6800 level. Its daily RSI is bullish and

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EURUSD Price Extension Eyes The 1.1590 Resistance Zone

EURUSD price extension now eyes its cluster of resistance located the 1.1593/99 zone. This is coming on the back of its lower price rejection candle printed on Monday. On the upside, resistance comes in at 1.1600 level with a break through there opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break

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