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NZD/USD buyers stood their ground

The recent NZD/USD decline has pushed the daily MACD line below zero.

Momentum traders following this technical signal will now more confident that serious inroads to the NZD/USD downside can be achieved. Long-term sellers should find comfort in the fact that this signal hasn't occurred for more than three weeks on the daily charts.

Inverted hammer kept AUD/JPY bears awake last night

Inverted hammer kept AUD/JPY bears awake last night
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China New Loans above forecasts (800B) in July: Actual (825.5B)

China New Loans above forecasts (800B) in July: Actual (825.5B)
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