Monday, September 23, 2019
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Technical Analysis – AUD/USD fails to break multi-year lows

AUD/USD fails to break multi-year lows; rallies to 50.0% Fibonacci. AUD/USD has rallied above the 21- and 42-day simple moving averages (SMAs), up to the Ichimoku cloud, after the bears were unable to capitalise from the multi-year lows it re-tested earlier this month. Tackling 0.6880, which is the 50.0% Fibonacci retracement level of

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Technical Analysis – AUD/USD cautiously bullish at a critical point

AUD/USD is positioned at a crucial point in the four-hour chart. The pair closed marginally above the 200-period simple moving average (SMA) and managed to pierce the upper boundary of its one-month-old range early on Thursday before pulling downward slightly. The MACD cautiously suggests a bullish bias for the short-term as the indicator

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Weekly Market Outlook | Econ Alerts

Weekly Market Outlook: 19th – 23rd Aug 2019

The summer lull will continue into next week as economic releases will remain sparse. However, central bank minutes and the annual gathering of central bankers at the Jackson Hole Economic Symposium should generate plenty of headlines ahead of expected policy easings in September. Trade and geopolitical tensions will also come

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Technical Analysis – AUD/USD stays range-bound

AUD/USD keeps range-bound trading below 0.6820. AUD/USD was unable to crawl above the upper boundary of its narrow 0.6820-0.6745 range despite Tuesday’s encouraging trade news. In the short-term, the market may remain muted as the slow progress in the RSI and the gently rising MACD suggest a bearish-to-neutral bias, with the falling red Tenkan-sen also reducing the odds

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