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AUDCHF breaks above the trendline

The monthly chart below shows that we have managed to break the trendline that acted as resistance and we are also closing on the monthly basis above it.
The weekly chart shows the consolidation above the trendline and 200 WMA. The pair is now in a slightly bullish mode and you can expect some gains in the coming weeks.
We expect more gains but attention to the risk off mode on the North Korea threats. This pair is extremely sensitive and one day trading in the risk off mode may erase gains made…
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CHFJPY continue to recover

As it can be seen on the monthly chart below, the pair is still recovering from the January 2015 fall. The big red candle from July hampered bigger recovery but look for the slow ascending from these levels.
The weekly chart on the other hand shows that there is plenty of resistance approaching. 200 WMA is a big resistance as well as 50% Fibo level. Furthermore, watch out for the descending trend line from the top.
The ultimate risk pair is trading sideways. Depends mainly what happens with yen …
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AUDCAD tanking

Monthly chart shows us that we have a red candle that will put additional pressure on the bulls next month. The CAD enjoyed another good month and aussie couldnt keep up with the pressure.
Weekly chart below shows that we have started to stage a recovery in this pair after bearish BoC statement. We were also supported by the 100 and 200 weekly moving average and we may expect another slight push upside before continuing downside move.
The oil will have a big say in where we go next in this pair…
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CADCHF trading higher

One of the pairs that has more interesting picture on the bigger timeframes. After almost three years of trading within the box from 0.68 to 0.78 we are now breaking higher. We have touched 55 MMA and have rejected that level.
The weekly chart shows similar pictures and that RSI has been moving higher that is also reflected in the chart.We are now comfortably above all three moving averages but have been rejected from the 61.8% key resistance. We may revisit 200 WMA and look for the support befo…
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