EURUSD:
The EURUSD moved at a low level of 1.3733 today, this is close to the support that arrives in about 1.3700, traders short from quality pin bar installation of Monday probably took profits as price moved to this obvious support level.
Could we see price consolidate and rotate upper if support approximately 1.3700 can contain, if only we could see push down.
AUDUSD:
The daily moved lower today and hit support near 0.9650 before closing approximately 70 pips off its low figures of intra-day begin to push higher and we may see this pair to stay in a range between approximately 0.9650 and 1000 for the short term.
Notice on 4 HR Daily chart below which a setup fakey started this the last bear Moves.
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Comment:
The dollar gained strength today while stocks and commodities weakened on doubts on how aggressive the Fed will act at the next week policy.
"The dollar's slide since September was pricing in aggressive price action by the Fed about $ 1 trillion," said Omer Esiner, Chief market analyst at Commonwealth. switching However, market participants because they started to reduce expectations that the Fed will act this aggressive, leading to the recent rise in the dollar.
The dollar was against a basket of major currencies today, with the index USD 0.48% towards the 78.084.
The Dow fell 42.18 points, or 0.39%, the S & P 500 lost points 3.19 or 0.27% and the Nasdaq added 5.97 points or 0.24%.
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