Market analysis from IC Markets

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EURUSD reversed off its resistance at 1.11166 where it could potentially drop further to 1.10272. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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USDJPY expected to rise up to 106.836 where it could potentially react off and drop down to 1st support at 105.885. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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AUDUSD reversed off its resistance at 0.67980 where it could potentially drop further to 0.67590. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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USDCAD reversed off its resistance at where 1.32888 it could potentially drop further to 1.32193. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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USDCHF expected to rise up to 1st resistance at 0.98073 where it could potentially react off and drop down to 1st support at 0.97639. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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EURUSD Trend Analysis

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USDNOK bounced off its support at 8.98867 where it could potentially rise further to 9.14838. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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AUDUSD reversed off its resistance at 0.67980 where it could potentially drop further to 0.67590. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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GBPAUD is expected to drop to 1st support at 1.77192 where it could potentially react off and up to 1st resistance at 1.78877. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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USDNOK expected to rise up to 1st resistance at 8.99904 where it could potentially react off and drop down to downside confirmation at 8.94307. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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NZDUSD expected to rise up to 1st resistance at 0.64892 where it could potentially react off and drop down to 1st support at 0.63989. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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AUDUSD bounced off its support at 0.67422 where it could potentially rise further to 0.67980. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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USDNOK reversed off its resistance at 8.93166 where it could potentially drop further to 8.80550. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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USDCAD reversed off its resistance at 1.32373 where it could potentially drop further to 1.31895. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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NZDUSD reversed off at 0.64643 where it could potentially drop further to 0.64230. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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AUDUSD bounced off its support at 0.67710 where it could potentially rise further to 0.68320. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

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USD/CAD: Pressured by rising WTI prices on trade headlines, the USD/CAD pulled back and shook hands with a particularly interesting area of H4 support Tuesday between August’s opening level at 1.3187, an intersecting channel support (extended from the low 1.3015) and the round number 1.32 (yellow). For those who read Tuesday’s briefing you may recall the piece...

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NZDUSD expected to rise up to 1st resistance at 0.64817 where it could potentially react off and drop down to 1st support at 0.63989. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.