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​Technical Analysis: AUDUSD drops to monthly support line amid latest consolidation

Despite stepping back from 0.6975, the monthly support line keeps the AUDUSD buyers hopeful. As a result, the optimists can expect a bounce to 0.6900 ahead of witnessing an obstacle during the further

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​Technical Analysis: GBPUSD traders await BOE's action with mild losses

GBPUSD extends its pullback from Tuesday while declining to 1.2545 ahead of the bank of England's (BOE) monetary policy meeting on Thursday. Although the BOE is widely anticipated to add to its bond p

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Technical Analysis: Brent oil about to form Head-and-Shoulders on 4-hour chart

Considering the Brent oil's U-turn from $41.17 the previous day, the energy benchmark seems to undertake the efforts to print Head-and-Shoulders bearish formation on the four-hour chart. However, the

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​Technical Analysis: EURUSD extends recoveries from key horizontal support ahead of Fed Chair Powell's testimony

EURUSD benefits from the market's latest optimism backed by the Federal Reserve's readiness to buy more corporate bonds and offer lending support to the non-profit organizations. However, the pair mov

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​Technical Analysis: USDJPY reverses from 107.45/50 resistance confluence amid risk-off sentiment

Global markets turn risk-off at the week's start as fears of the coronavirus (COVID-19) resurgence gained momentum. As a result, the USDJPY pair extends pullback from a confluence of 200-bar SMA and 6

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