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EUR/AUD Technical Analysis
~~ The counter is currently in a bearish flag formation.
~~ It has formed a good base at the lower parallel and is ripe for a rally.
~~ Hence, we expect the pair to be bullish and move to the upper parallel from here.
NZD/USD Technical Analysis
~~ The counter has been in a strong uptrend in the long-term charts.
~~ In the short-term charts, it is moving up in an ascending channel.
~~ Further, it is currently at the lower parallel and hence it's a good time to go long.
USD/CAD Technical Analysis
~~ The counter is currently hovering around long-term support of 1.3000.
~~ Though the price action has been able to marginally breakdown, it is not able to follow through.
~~ Further, the stochastic indicator has made a bullish crossover from the oversold zone in the...
AUD/NZD Technical Analysis
~~ The counter has been on a selling spree for the last 3 months.
~~ Now, it has broken down a critical support level of 1.05620 and retested it, validating the breakdown.
~~ Hence, we expect the pair to weaken further from here.
AUD/CHF Wave Analysis
~~ The counter has been in a 5-wave bull cycle.
~~ Now, it is in the wave 4 phase which results in a bearish correction.
~~ Hence, we expect the pair to be bearish in the near-term.
EUR/GBP Technical Analysis
~~ The counter has been in a steady decline for the last 3 months.
~~ Now, it has hit a strong support level which could trigger some profit booking.
~~ Further, the stochastic indicator has given a buy signal by crossing over from the oversold zone.
~~ Hence, we...
USD/CHF Technical Analysis
~~ The counter has been coiling within a 300 pip range.
~~ Now, it is at the lower end of the range and taking support.
~~ We expect the pair to head higher to the upper end of the range.
USD/JPY Technical Analysis
~~ USD/JPY made a strong impulse move two weeks before.
~~ But the rally fizzled out at the high and since then the pair is retracing its move.
~~ Now, it has found support around the 103.7 mark.
~~ A move beyond the resistance 104.2 can invite bulls once again in...