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Forex Scenery after the FOMC. EURUSD, AUDUSD and NZDUSD

Published 11/23/2017, 06:33 AM
EUR/USD
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AUD/USD
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NZD/USD
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Dovish Minutes caused a reversal from the USD, which on few instruments was in line with the signs from the technical analysis. For example EURUSD, where the price was under the influence of the two bullish flags and a false breakout below the 1.173 support. Currently, the price is aiming 1.186, which seems like a very strong resistance.


AUDUSD used the correction equality pattern and a long-term up trendline to climb higher. Currently the price is testing the 38,2% Fibonacci and the mid-term down trendline. Bullish breakout here can trigger a buy signal for around 120 pips.


NZDUSD recently made new yearly lows but failed to hold the price below a very important resistance. That creates a chance for a reversal, especially that we denied the bearish flag and broke the mid-term down trendline. Short-term sentiment is positive.

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