Aussie pulls back after bulls failed at 0.7200 barrier on first attempt
The Australian dollar pulls back from new 15-month high (0.7196) as traders took profits after bulls failed to break 0.7200 round-figure barrier.
Stronger than expected drop in Australia’s export and imports in Q2 and record coronavirus…
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Bulls approach psychological 1.30 barrier; Fed eyed for fresh signals
Cable extends steep bull-leg into ninth consecutive day and cracks barriers at 1.2970/76 (weekly cloud top /11 Mar high) the last obstacles on the way to psychological 1.30 resistance.
Fresh weakness of the dollar in expectations of dovish…
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Lira starts to accelerate lower after a quiet period; CBRT’s intervention unlikely to stop…
Turkish lira weakened in past few sessions, after holding within very narrow range for five weeks.
Fresh strength of USDTRY pair cracked strong barrier at 6.9700 (daily cloud top / 50% retracement of pullback from new record high at 7.2683…
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Dollar index falls to new two-year low after brief consolidation; Fed in focus today
The dollar index fell to new two-year low (93.32) on Wednesday, signaling that brief consolidation is over and bears re-take full control.
Dollar’s steep fall broke below major Fibo support at 94.12 (61.8% of 88.14/103.80) this week and…
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Bulls regain traction after shallow dip, focus key Fibo barrier at 1.1822
The Euro regained traction after bulls paused on Tuesday and advances towards new two-year high.
Tuesday’s dip was shallow and managed to close above 1.1700 handle, pointing to the strength of the rally.
The pair is on track for the…
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Fresh weakness emerges from bull-trap
The cross dips on Tuesday after bulls got trapped above 0.9113 Fibo barrier (76.4% of 0.9175/0.6937), with long upper shadows of several daily candles, signaling stall.
Fresh weakness cracked 10DMA (0.9080) and pressure pivotal Fibo…
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Bears probe again through key Fibo support
Bears probe again below key Fibo support at 105.20 (61.8% of 101.18/111.71) after brief consolidation today.
Strong dollar-negative sentiment and high safe-haven demand keep the pair under pressure, with close below 105.20 to generate…
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Repeated rejections suggest that pullback might be running out of steam
The pullback from new 7-week high (136.62) faced strong headwinds and repeatedly failed to close below cracked rising 10DMA, with today’s action being contained by the indicator (currently at 135.51).
Larger bulls from 131.76 (22 June low)…
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