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Day: August 10, 2013
August 102013
Aussie Ends Week with Solid Gains
Traders were rather pessimistic about the Australian dollar at the start of this week, making it surprising to see that the currency ended the week with solid gains. The Aussie rallied mainly on overseas news, not domestic fundamentals. The Australian currency started the week poorly and market analysts have thought that the Aussie would fall to new lows. The main concern was a possible interest rate cut by the Reserve Bank of Australia. Indeed, […]
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August 102013
Forex Technical Analysis for Week 08/12â08/16
Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3083 1.3158 1.3251 1.3325 1.3418 1.3493 1.3586 GBP/USD 1.4913 1.5058 1.5283 1.5428 1.5652 1.5798 1.6022 USD/JPY 91.59 93.70 94.94 97.04 98.28 100.38 101.62 EUR/JPY 123.86 126.03 127.19 129.37 130.53 132.71 133.86 GBP/JPY 143.44 145.52 147.34 149.41 151.23 […]
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