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AUDUSD slowly heading towards major support level, bears are in control

The sellers pushed the AUDUSD pair significantly lower after it hit the critical resistance level at 0.81308.Initially, the pair found some fresh buying pressure near the 100 days SMA. The short-term traders executed long orders near the dynamic support level at 0.77707 marks and made a decent profit. Though the bulls tried hard to take

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Kiwi dollar heading towards critical support level, the strong challenge for the bulls

After hitting the critical resistance level at 0.74333 the NZDUSD pair has formed a temporarily double top pattern in the daily chart. In the last trading week, the U.S dollar index surged higher in the global market pushing most of its major rivals lower. The Kiwi dollar dropped near about 130 pips. Currently, the pair

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EURUSD trading in the consolidated region, cautious investors waits

In the last trading week, the EURUSD pair sharply dropped in the global market after hitting the critical resistance level at 1.24440.Most of the aggressive price action traders have already shorted this pair after the bearish Doji formation in the daily chart. Due to the uncertainty of the forex market, the expert traders have moved

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