TECHNICAL ANALYSIS A break and close above key 141 resistance open up the door for a push higher. Little in the way of meaningful resistance up to 144. FUNDAMENTAL ANALYSIS Positive UK election polls favor Tory majority which in turn should favor a strong pound. China-US trade is “RISK ON”. Weaker JPY to prevail
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The AUD/NZD pair hits previous daily highs and shows strong signs of rejection. This comes at the same time as price hitting the ascending channel limit. From this stage on, our bias is that price could very well continue bearish throughout the week ahead. We will be targeting the 1.07000 level as our level of…
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TECHNICAL ANALYSIS Daily and weekly 8GAPS have been closed and price continuation south resumes. This week I’ll be targeting the 0.82000 magnet as a key area, but should it break and close beneath, a test of the lower trend level is likely. FUNDAMENTAL ANALYSIS BoC this week likely to hold rates unchanged at 1.75%. I…
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