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Range Markets

AUD/USD manages to move higher

The Australian Dollar continues to appreciate against the US Dollar for the second consecutive session. Even thought the rate managed to touch the upper boundary of the ascending channel early on Thursday, it still gathered enough force to reach...

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Euro soars on ECB tapering signals

Gold gapped down on Monday but, with Dollar still vulnerable to further losses, the yellow metal will likely remain supported long-term. Gold lost some of its sparkle on Monday, having hit its highest level in over a year in...

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USD/CAD pressured by 55-hour SMA

The US Dollar managed to accelerate against its Canadian counterpart on Friday and consequently confirm a descending channel. However, the 55-hour SMA worked effectively at pushing the rate lower in this session. As apparent from the pair’s movement in...

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