AUDNZD: Breakout & Bullish Continuation 🇦🇺🇳🇿
AUDNZD broke and closed above a key daily horizontal resistance on Friday.
We see the retest of a broken structure after the market opening.
Due to a positive bullish reaction to that, probabilities will be high that the growth
will continue.
Next resistance - 1.0815
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Swingsignals
GBPJPY: Bullish Outlook After CPI 🇬🇧🇯🇵
GBPJPY violated a resistance line of a wide horizontal range on a daily yesterday.
The release of the CPI data increases a bullish pressure.
Chances are high that the growth will continue.
Next resistance - 188.28
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EURCHF: Time For Correction?! 🇪🇺🇺🇸
After a strong bearish impulse, EURCHF was consolidating for 2 weeks
within a narrow range on a daily.
Yesterday's CPI report triggered a bullish reaction on the pair.
It managed to violate the upper boundary of the range.
I think that the market may start a correctional movement now.
Closest resistance - 0.94
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EURAUD: Important Structure Breakout 🇪🇺 🇦🇺
EURAUD finally managed to violate a solid 1.623 - 1.630 demand zone.
After multiple breakout attempts, the pair closed below that structure.
It now turned into a supply area.
We may expect a bearish movement lower.
Goals: 1.603 / 1.590
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NZDCAD: Bearish Trend Will Continue 🇳🇿🇨🇦
NZDCAD is trading in a long-term bearish trend.
However, the market was consolidating the entire August within a horizontal range on a daily.
The support of the range was finally broken last week.
It is an important sign of strength of the sellers, and it indicates a highly probable bearish continuation.
The prices may go lower at least to 0.7936 support
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