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EUR/USD TECHNICAL ANALYSIS
EUR/USD lacked directional conviction on Friday, maintaining above its 200-day easy shifting moderate at 1.0840. To spice up sentiment in opposition to the euro, this ground should stay intact, as a breach might top to a decrease in opposition to 1.0770. If illness persists, all sights can be on 1.0700 care for.
Conversely, if bulls orchestrate a turnaround and push costs upper, preliminary resistance stretches from 1.0910 to one.0930. Dealers are more likely to vigorously barricade this zone on every other retest; then again, a a hit breakout may pave the best way for a rally towards 1.1020.
EUR/USD TECHNICAL CHART
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| Trade in | Longs | Shorts | OI |
| Day by day | -1% | -22% | -12% |
| Weekly | -6% | 13% | 2% |
USD/CAD TECHNICAL ANALYSIS
USD/CAD has rallied sharply since overdue 2023, however its upward momentum has began to vanish following an unsuccessful try at clearing trendline resistance and a key Fibonacci degree similar 1.3540, a rejection that resulted in a tiny pullback in opposition to the 200-day easy shifting moderate at 1.3475.
Despite the fact that the temporary outlook extra positive, costs want to keep above the 200-day SMA to saving this favor; failure to take action may draw in unused dealers into the marketplace, developing the suitable situations for a pullback in opposition to 1.3385.
In case of a bullish continuation, resistance lies at 1.3540, as said sooner than. Time consumers may have a juiceless month pushing the alternate charge above this section, a blank split may ship the pair in opposition to 1.3570. On additional power, there’s doable for an move in opposition to 1.3625.
USD/CAD TECHNICAL CHART
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AUD/USD TECHNICAL ANALYSIS
AUD/USD sank from overdue December thru early this while, however has bounced off technical assistance at 0.6525. The point of interest now’s on whether or not the pair can similar above the space of 0.6570-0.6580 on a weekly foundation. If it does, a possible rally towards 0.6650 and due to this fact 0.6700 could also be at the horizon.
At the turn aspect, must dealers reemerge and pressure costs under the 100-day SMA similar 0.6525, the then noteceable section of assistance seems at 0.6500, which corresponds to the 61.8% Fib retracement of the October/December leg upper. Under this threshold, all consideration can be on 0.6460.
AUD/USD TECHNICAL CHART
AUD/USD Chart Created The use of TradingView
