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USDCHF rallies upwards – Analysis - 29-03-2018
The USDCHF pair traded with strong positivity yesterday to breach 0.9488 level and rallies towards 0.9581 direct, as the price settles below this level, starting today with slight bearish bias that hints the return to decline again, especially that stochastic shows clear overbought signals.
Therefore, we expect witnessing bearish rebound in the upcoming sessions to test 0.9488 initially, which breaking it represents the confirmation key to the continuation of the overall bearish trend that its next target located at 0.9373, noting that breaching 0.9581 will extend the correctional bullish wave to reach 0.9675 as a next main station.
Expected trading range for today is between 0.9488 support and 0.9620 resistance.
Expected trend for today: Bearish
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NZDUSD at the first target – Analysis - 29-03-2018
The NZDUSD pair succeeded to touch our waited target at 0.7185 and settles there, which represents 38.2% Fibonacci for the rise that appears on the chart, which means that breaking it will extend the bearish wave to reach 0.7107 as a next station.
MoreAUDUSD touches the first target – Analysis - 29-03-2018
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