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AUD/USD still points to further consolidation

Jun 26, 2020

We held the view yesterday that AUD ‘could weaken further but any weakness is viewed as part of a 0.6830/0.6900 range

EUR/USD: Positive bias for a test of key resistance at 1.1422

Jun 26, 2020

The EUR/USD pair is currently trading at 1.1212, representing marginal losses on the day, as the shared currency is consolidating

GBP/USD to target 1.2330 once 1.24 is cleared

Jun 26, 2020

The GBP/USD consolidated between a narrow 1.2400 and 1.2450 range. We still prefer to stay short of this pair, expecting any bounces beyond 1.2450 to be rejected in favour of further tests of the 1.2400 handle

USD/JPY recovers from the 105.98 May low to test 200-DMA at 108.40

Jun 26, 2020

USD/JPY continues to recover off the 105.98 early May low. It is back in the range and is probing some moving average resistances. These extend up to 108.40

GBP/USD, EUR/USD Rates at the Mercy of US Trade Talks

Jun 25, 2020

Equity markets sank during Asia-Pacific trade as coronavirus concerns, escalating geopolitical tensions and a downgraded global growth forecast from the International Monetary Fund (IMF) soured investor sentiment.

AUD/USD: Clearance of tough resistance at 0.6977 to test 0.7032

Jun 25, 2020

AUD/USD remains capped by the key resistance at 0.6977 but after a consolidation phase, analysts at Credit Suisse expect the aussie, which stages a modest intraday recovery of 0.15%, to test the 0.7032 level.

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