eko1234530
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AUD/USD ignores RBA’s Lowe to keep choppy range near 0.7150, China data in focus
AUD/USD keeps sideways moves between 0.7145/55 following its late-Thursday bounce off 0.7135.
RBA’s Lowe struck cites economic outlook but rules out negative rates.
Mixed sentiment concerning Sino-American trade future, US stimulus battle receding coronavirus figures at home.
China Industrial Produc
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What does Buy-Low-Sell-High mean in the forex market?
"Buy low and sell high" is the essence of the market cycle. While the market forming its trends, it will not move up and down in a straight line. Instead, the market sometimes adjusts price in the direction that is contrary to established trends. For traders, the goal is to seize the low points form
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USD/CHF Weekly Outlook
USD/CHF stayed in consolidation above 0.9050 last week and outlook is unchanged. Initial bias stays neutral this week first. With 0.9241 resistance intact, further decline is expected. On the downside, break of 0.9050 will resume larger down trend. Nevertheless, on the upside, break of 0.9241 resist
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PBOC sets USD/ CNY reference rate for today at 6.9405 (vs. yesterday at 6.9429)
People's Bank of China
PBOC inject 150bn yuan through 7-day reverse repos in open market operations (OMOs) today
10bn yuan in maturing RRs today
Still to come:
China data day coming on Friday - July economic 'activity data'
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AUDNZD Intraday Trading
#AUD/NZD#
Follow us on Telegram channel for daily 15-20 setups. Intraday Trading Levels based on Price Action analysis. No indicators used. These levels are for Fast in Fast out trades. The levels are updated everyday. There are 3 Support (Red Lines) and 3 Resistance (Red Lines) lev
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Pull-up Update