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AUD/USD Short-Term Resistance (July 26, 2013)

AUD/USD appears to be forming a smaller range on its 1-hour time frame. The pair is on its way to test resistance at the .9300 major psychological level while stochastic is giving the overbought signal.

Forex Major Currencies Outlook (July 25, 2013)

USD

The US dollar regained its strength in yesterday’s trading as a combination of risk aversion and strong US new home sales boosted the safe-haven currency.

AUD/USD Range Setup (July 25, 2013)

AUD/USD suffered a heavy selloff in yesterday’s trading, as the .9300 handle held as strong resistance and pushed the pair to the middle of its range.

Forex Major Currencies Outlook (July 24, 2013)

USD

Dollar weakness was still evident in yesterday’s trading, as EUR/USD broke higher while the commodity currencies extended their wins against the Greenback. 

EUR/GBP Setup for Euro Zone PMI Releases (July 24, 2013)

Two of the largest economies in the euro zone, namely Germany and France, will be printing their manufacturing and services PMIs in today’s UK session. 

Forex Major Currencies Outlook (July 23, 2013)

USD

The US dollar was off to a weak start for the week, as the existing home sales report turned out to be a disappointment. 

USD/CAD Canadian Retail Sales Setup (July 23, 2013)

USD/CAD has been selling off aggressively but the pair could take a break from its recent dives, as it approaches the 1.0300 major psychological level. This is in line with a former resistance level and area of interest, as well as the rising trend line connecting the pair’s lows.

Forex Major Currencies Outlook (July 22, 2013)

USD 

The US dollar lost ground to most of its major counterparts on Friday, as EUR/USD broke out from its consolidation and reached the 1.3150 area. 

EUR/USD: Ascending Triangle (July 22, 2013)

EUR/USD is still stuck in consolidation for now, with an ascending triangle pattern forming on its 1-hour time frame. 

Forex Major Currencies Outlook (July 19, 2013)

USD

The dollar regained ground when the US printed better than expected Philly Fed manufacturing data, with the index climbing from 12.5 to 19.8 instead of dipping to the consensus of 8.5. 

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