Forex Analysis

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AUD/USD in the red near 0.6850 on weak forward-looking Aussie data

The selling bias around the Australian Dollar (AUD) gathered traction, pushing the AUD/USD pair down to session lows near 0.6850 after a forward-looking indicator showed the Australian economy will continue to operate at a below-trend growth pace into late 2019 and early 2020.


GBP/USD charts bullish continuation pattern ahead of the Fed

GBP/USD created a bullish outside bar candlestick on Tuesday, signaling a continuation of the recent rally. The outlook would turn bearish if the pair closes below Tuesday's low of 1.2392, in the face of a less dovish Fed outcome.


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"A cycle is a recognizable price pattern or movement that occurs with regularity in a specific time period"

"Advisory Opinion, comprised of arguments and trade ideas which have been committed to publication and therefore have an influence on the trading public, are considered a sentiment indicator."

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"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."