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AUDUSD Further Price Offensive Eyes 0.6894 Zone

AUDUSD is threatening further upside pressure following its strong rally on Thursday. On the downside, support lies at the 1.6800 level. A cut through here will turn focus to the 0.6750 level and then the 0.6700 level where a violation will set the stage for a retarget of the 0.6650 level. Conversely, resistance lies at the 0.6850 level where a breach will aim

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GBPUSD Sees Price Extension With Eyes On 1.2900 Zone

GBPUSD with the pair extending its strength, more price gain is expected in the days ahead. Support lies at 1.2800 area with a break below that level turning attention to the 1.2750 level. Further down, support lies at the 1.2700 level where a violation will shift focus to the 1.2650 level. Below here will open the door towards the 1.2600 level. On the

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USDJPY Continues To Retain Its Recovery Threats

USDJPY with the pair still retaining its upside pressure, more gain is expected in the days ahead. On the upside, resistance comes in at 108.50 level. Above this level will turn attention to the 109.00 level. Further out, we expect a possible move towards the 109.50 level on a break of that area, A cut through here will open the door for more

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USDCAD Broader Bias Remains Higher Towards 1.3383 Zone

USDCAD broader bias remains higher towards 1.3383 zone. Support lies at the 1.3300 level where a violation will aim at the 1.3250 level. Further down, support comes in at the 1.3200 level where a break lower may occur. This if seen will trigger further weakness towards the 1.3150 level. Conversely, resistance stands at the 1.3350 level where a break will target the 1.3400

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GBPJPY Sees Price Reversal On Sell Off

GBPJPY looks to weaken further on price sell off as it retains its broader medium term weakness. On the downside, support comes in at the 130.50 level where a violation will aim at the 130.00 level. A break below here will target the 129.50 level followed by the 129.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance

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CRUDE OIL: Bounces Off Major Support On Recovery

CRUDE OIL faces risk of further corrective upside pressure after bouncing off its key support at 50.50 the past week. Support lies at the 53.50 level where a break will expose the 53.00 level. A cut through here will set the stage for a run at the 52.50 level. Further down, support comes in at the 52.00. On the upside, resistance resides at

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GOLD Prepares For Further Upside Pressure

GOLD eyes further recovery pressure as it closed higher the past week. On the downside, support sits at the 1,500.00 level where a break will turn focus to the 1,490.00 level. Further down, a cut through here will open the door for a move decline towards the 1,480.00 level. Below here if it occurs will trigger further downside pressure aiming at the 1,470.00

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NZDUSD Remains On The Offensive On Recovery Pressure

NZDUSD the pair faces further corrective recovery as it closed higher the past week. Support lies at the 0.6250 level where a break will turn attention to the 0.6200 level. A break of here will have to happen to create scope for a move higher towards the 0.6150 level. Further out, resistance resides at the 0.6100 level. Resistance stands at the 0.6350 level.

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