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Two for one: A technical look at the AUDUSD and NZDUSD.

Two for one: A technical look at the AUDUSD and NZDUSD.
Both the AUDUSD and NZDUSD have been trading similarly over the last two trading days. Yesterday, the AUDUSD led the way with a rise early in the Asian session after stronger-than-expected CPI data. Buyers then turn to sellers and pushed lower and lower into the close. The NZDUSD followed that lead. In trading today, the selling in the two pairs continued falling to newer lows for each. However buyers reentered and each saw a snapback rally that extended back toward its falling 100-hour movin... Read More
Posted: Oct 26 2023, 15:42
Author Name: forexlive
Views: 112222

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