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USDCHF breaks the support – Analysis - 16-01-2018
The USDCHF pair succeeded to break 0.9656 level and hold with a daily close below it, which confirms opening the way to extend the bearish wave towards our yesterday's mentioned next target at 0.9566, noticing that the price approaches retesting the broken level now.
Therefore, we are waiting for more decline in the upcoming sessions, noting that breaching 0.9656 might push the price to achieve some intraday gains and test the key resistance areas that start at 0.9730 and might extend to 0.9800 before any new attempt to decline.
Expected trading range for today is between 0.9570 support and 0.9680 resistance.
Expected trend for today: Bearish
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NZDUSD continues to rise – Analysis - 16-01-2018
The NZDUSD pair continued its rise yesterday to settle around 0.7300 level, waiting to get enough positive momentum to push the price to achieve more gains and visit 0.7375 level that represents our next main target.
MoreAUDUSD keeps its positive stability – Analysis - 16-01-2018
The AUDUSD pair confirmed breaching 0.7937 level after closing the daily candlestick above it, which supports the continuation of our bullish overview efficiently for the upcoming period, and the way is open to target the previously recorded top at 0.8125 as a next main station.
MoreBrent oil surpasses the psychological barrier – Analysis - 16-01-2018
Brent oil price managed to get daily close above 70.00, which forms positive signal that supports the continuation of the overall bullish trend, which moves inside the bullish channel that appears on the chart, waiting to visit 71.45 level as a next main target.
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