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USDCHF Backs Off Lower Prices On Price Correction

USDCHF backs off lower prices on price correction with risk of more gain on the cards in the coming. On the downside, support lies at the 0.9950 level. A turn below there will set the stage for more decline towards the 0.9900 level. And then the 0.9850 level. On the upside, resistance resides at the 1.0000 level where a break will clear the

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EURUSD Sets Up To Strengthen Further Higher

EURUSD sets up to strengthen further higher as it closed higher the past week. Support lies at the 1.1300 where a violation will aim at the 1.1350 level. A break below here will aim at the 1.1300 level. Further down, support lies at the 1.1250. On the upside, resistance resides at 1.1450 level with a break through there opening the door for further

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GOLD Eyes Additional Price Weakness Towards 1,200.00 Area

GOLD eyes additional price weakness towards 1,200.00 area in the new week. This is coming on the back of its past week losses. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level. Further down, a cut through here will open the door for a move lower towards the 1,180.00 level. Below here

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EURUSD Downside Pressure Builds Up Towards 1.3000 Zone

EURUSD downside pressure builds up towards the 1.3000 zone. This is coming on the back of its pasty week price weakness. Support lies at the 1.1300 level where a violation will aim at the 1.1250 level. A break below here will aim at the 1.1200 level. Further down, support lies at the 1.1150. On the upside, resistance resides at 1.1350 level with a

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USDCHF Retains Broader Upside Bias, Eyes 1.0094 Region

USDCHF retains broader upside bias with eyes is key resistance located at 1.0094. Further out, resistance resides at the 1.0150 level where a breach will clear the way for more strength to develop towards the 1.0200 level. Above here, resistance comes in at the 1.0250 level followed by the 1.0300 level. On the downside, support lies at the 1.0000 level. A turn below

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EURUSD Short Term Bearishness Remains Valid

EURUSD short term bearishness remains valid with more weakness expected in the new week. This is coming on the back of its past week flat close. Support lies at the 1.1350 where a violation will aim at the 1.1300 level. A break below here will aim at the 1.1250 level. Further down, support lies at the 1.1200. Its weekly RSI is bearish and

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USDJPY Eyes Short Term Trend Resumption On Price Reversal

USDJPY eyes short term trend resumption following a reversal of its Thursday losses on Friday. On the downside, support sits at the 113.00 level where a break will target the 112.50 level. A break through that level will turn focus to the 112.00 level and then lower towards the 111.50 level. On the upside, resistance comes in at 113.50 level. Above here will

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GOLD Rejects Higher Prices, Set To Weaken Further

GOLD rejects higher prices and faces further price consolidation with downside threats. On the downside, support comes in at the 1,230.00 level where a break will turn attention to the 1,220.00 level. Further down, a cut through here will open the door for a move lower towards the 1,210.00 level. Below here if seen could trigger further downside pressure targeting the 1,200.00 level.

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