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AUDUSD Continues To Retains Its Corrective Upside Pressure

AUDUSD threatens further upside pressure following its price reversal on Friday. On the downside, support comes in at the 1.6750 level. A cut through here will turn focus to the 0.6700 level and then the 0.6700 level. 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 at

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EURUSD Recovery Threats Build Up

EURUSD with the pair backing off lower prices on Friday, a follow through higher is expected. Resistance comes in at the 1.1100 where a break will turn risk to the 1.1150 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1000 level with a violation of there

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USDCHF Continues To Face Consolidation Threats

USDCHF with the pair continuing to retain its consolidation threats, directional move is now a challenge. Resistance comes in at the 0.9950 level. Above here, resistance lies at the 1.0000 level and then the 1.0050 level. Further out, resistance stands at the 1.0100 level. On the downside, support is located at the 0.9850 level with a turn below here opening the door for

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GBPUSD Recovers, Eyes Further Upside Pressure

GBPUSD could push further higher on further recovery threats. Support lies at 1.2850 area with a break below that level turning focus to the 1.2800 level. Further down, support comes in the 1.2750 level where a violation will shift focus to the 1.2700 level. Below here will open the door towards the 1.2650 level. On the upside, resistance is located at the 1.2900

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EURJPY More Weakness Envisaged On Bear Pressure

EURJPY faces further downside pressure as it continues to retain corrective pullback threats. On the downside, support comes in at the 119.50 level where a break if seen will aim at the 119.00 level. A cut through here will turn focus to the 118.50 level and possibly lower towards the 118.00 level. On the upside, resistance resides at the 120.50 level. Further out,

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GOLD Broader Bias Remains To The Downside Short Term

GOLD faces risk of more weakness in the days ahead as it retains its downside pressure. On the downside, support sits at the 1,340.00 level where a break will turn focus to the 1,430.00 level. Further down, a cut through here will open the door for a move decline towards the 1,420.00 level. Below here if it occurs will trigger further downside pressure

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USDCAD Outlook Remains Higher In The Short Term

USDCAD remains biased to the upside on further recovery pressure in the short term. Support lies at the 1.3150 level where a break will aim at the 1.3100 level. Further down, support comes in at the 1.3050 level where a break lower may occur. This if seen will trigger further weakness towards the 1.3000 level. Conversely, resistance stands at the 1.3200 level where

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EURUSD Bear Pressure Remains Intact With Eyes On 1.0990 Zone

EURUSD with the pair reversing its upside pressure to close lower the past week, more decline is expected in the days ahead. Resistance comes in at the 1.1050 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1150 level. Further up, resistance stands at the 1.1200. Conversely, on the downside, support comes in at 1.1000

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