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USDCAD Builds Up On Strength, Recovers Higher

USDCAD: USDCAD remains on the offensive on the back of its long-tailed candle print triggering corrective recovery on Monday. This price action development leaves risk higher in the days ahead. On the upside, resistance resides at the 1.3100 level where a break will target the 1.3100 level. Further out, resistance comes in at the 1.3150 level where price hesitation may occur. But if

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GBPJPY: Turns Down, Sets Up For 182.49 Level

GBPJPY: With the cross printing back to back long-tailed candles on Friday and Monday to trigger bear pressure during early Asia session, we look for weakness to occur. The cross to target its Oct 07 2015 low at 182.49 level. On upside, resistance is seen at the 184.00 level followed by the 185.00 level. A cut through will set the stage for a

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EURJPY Falters, Backs Off Ahead Of The 137.04/44 Area

EURJPY: The cross may remain biased to the upside following its recent strength but it was seen backing off ahead of its key overhead resistance zone at the at 137.44/04 region during the Monday trading session. If this price action continues it could see EURJPY targeting further downside pressure towards its psycho level at 136.00 level. Below here will turn attention to the

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AUDUSD Climbs Above The 0.7279 Zone, Looks For More Gain

AUDUSD: AUDUSD closed strongly higher the past week leaving risk of further strength in the new week. While it can trade and hold above its broken resistance turned support at 0.7279 level, we think more gain should occur. On the upside, resistance lies at the 0.7400 level. A cut through here will turn attention to the 0.7450 level and then the 0.7500 level

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EURUSD: Threats Builds Up Pressure On The 1.1459 Zone

EURUSD: Having EUR closed strongly higher the past week, it now looks to extend that strength towards its key support zone at 1.1459. We may see price hesitation at this level or even a pullback. Support lies at the 1.1300 level where a violation will aim at the 1.1250 level. A break of here will aim at the 1.1000 level with a turn

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CRUDE OIL Stands Above The 49.30 Zone With Warning

CRUDE OIL: The commodity closed strongly higher the past week holding above its key resistance at 49.30 and opening the door for more strength in the new week. However, we may see a pullback as a rejection candle is now seen on the daily chart after its Friday negative close. On the downside, support resides at the 49.00 level where a break will

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USDCHF Turns Down On Further Price Extension

USDCHF: The pair saw a follow-through lower the past week on the back of its previous week losses. This development leaves it weak and vulnerable to the downside in the new week. On further weakness its key support located at the 0.9527 level will be targeted. A move below that level will call for more downside pressure towards the 0.9459 level. Further down,

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EURUSD: Bull Pressure Leaves Risk Towards Key Resistance.

EURUSD: EUR rallied strongly during Friday trading session leaving risk on further upside. It faces a bigger overhead resistance standing at the 1.1433 level, representing its September 18 2015 high. However, immediate resistance resides at the 1.1400 level. On the upside, resistance is seen at 1.1450 level with a cut through here opening the door for more upside towards the 1.1500 level. Further

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