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GBPAUD

Technically there's room for some correction in the pair. A bigger picture view is also that WTI will go up at $55, and that will give a boost to AUD.
Taking into account that currencies the past few months even if they go up and down in big movements they never seem to catch on a trend and keep going, we'll be conservative in our view and pick the 50% Fibo level 2.088 in the monthly for our prediction, which is also about the same level of the 0.236% Fibo level in the weekly chart.
Monthly:
Wee…
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NZDUSD

Our view is that commodities such as oil will go up, and NZD will benefit. Technically, the charts also point to an upward movement. Also at this point a rate doesn't seem likely and at any rate, the price at the start of December will be in a holding pattern for this particular news release. Taking into consideration that currencies struggle to ride a trend our prediction will be conservative.
We choose the 50% fibo level at the monthly chart as the price @0.7065, which is close to the 61.8% fi…
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EURGBP

Even if the charts show like the pair might go down and generally struggle to break up, we continue to believe that eur has depreciated extremely against the gbp and so despite the struggle it will at least try to reach the previous high @0.7590.
BOE will too delay a hike rate for this 2-month period in our view and some data coming in from the UK aren't as positive as others.
Although we'll support in our view a break of the 0.743 level seen in the weekly chart, we'll choose the next fibo level…
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CABLE UP

Recent price action suggests GBP strength against USD. Our view is that the FED won't raise rates in December. Regardless, the only effect this news has on the prediction is that at that time the market price action might be a bit cagey.
On the weekly chart we see MACD being bullish and Cable on its way to break a channel and try for 1.59, a previous top. Nevertheless, with currency price actions acting out of the ordinary--meaning no strong trend following after a major break, especially one af…
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