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NZD/USD to recapture critical juncture

Recent upward moves led to a cross between the 100 and 200 SMA on the 4H NZD/USD charts.

A recent bounce in the NZD/USD price structure might contribute to a consensus of technical levels, especially when the recent lows are at a relative narrow distance from the price level where the so-called “Golden Cross” occurred. At a distance slightly shorter than a daily ATR, the 200 SMA could exhibit some attraction to the price. The bullish outlook should be dismissed by a close beyond the 200 SMA.

USD/CAD bearish near term – Scotiabank

FX Strategist at Scotiabank Eric Theoret has reiterated the bearish stance on the pair in the short term. Key Quotes “We note broad-based USD weakne
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DXY inter-markets: well supported at 94.00

The US Dollar Index, which tracks the buck vs. its major rivals, has found some relief in the 94.00 neighbourhood today. In fact, auspicious results f
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