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AUDUSD,CHFJPY,USDJPY,EURJPY,EURGBP,EURUSD,GBPUSD
forex_trader_273410
Member Since Sep 08, 2015
152 posts
Apr 21, 2017 at 07:18
(edited Apr 21, 2017 at 07:19)
Member Since Sep 08, 2015
152 posts
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May 02, 2017 at 12:53
Member Since Mar 23, 2017
36 posts
The AUD/USD pair maintained its bid tone for the second directly consultation, albeit remained capped under the very critical 200-day SMA publish- RBA decision.
currently trading round 0.7520-56 region, the pair had a muted reaction to RBA statement to hold its key benchmark interest prices steady, at traditionally low stage of 1.5%, quoting.
Technical levels to watch
A follow through momentum has the potential to lift the pair further towards 50-day SMA hurdle near 0.7590 region, above which a fresh bout of short-covering seems to pave way for continuation of the pair's recovery move further towards 0.7635-40 horizontal resistance.
On the flip side, renewed weakness below the key 0.75 psychological mark is likely to accelerate the slide back towards 0.7485 horizontal support before the pair eventually slide further towards an important support near 0.7460-50 region.
currently trading round 0.7520-56 region, the pair had a muted reaction to RBA statement to hold its key benchmark interest prices steady, at traditionally low stage of 1.5%, quoting.
Technical levels to watch
A follow through momentum has the potential to lift the pair further towards 50-day SMA hurdle near 0.7590 region, above which a fresh bout of short-covering seems to pave way for continuation of the pair's recovery move further towards 0.7635-40 horizontal resistance.
On the flip side, renewed weakness below the key 0.75 psychological mark is likely to accelerate the slide back towards 0.7485 horizontal support before the pair eventually slide further towards an important support near 0.7460-50 region.
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