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NZDUSD inside a rangebox

NZDUSD is inside a rangebox and falling from the range top region. The pair is likely to movefurther down towards the range bottom.
Main support and resistant levels are:
0.7980
0.7750
0.7430
0.6785
0.6390
0.6055
Day Chart
Week Chart
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mrlfx avatar
mrlfx 25 May

mrlfx avatar
mrlfx 25 May

NZDUSD has move exactly along the predicted line. The pair is moving inside the rangebox and is nearing the bottom level of the rangebox.

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NZD/USD is bullish

NZD/USD is bullish and likely to breach the range box upper resistant level of 0.7510. The pair has been range bound between levels of 0.6786 and 0.7510.
Support and resistant levels are
0.7978
0.7752
0.7510
0.6786
0.6389
0.6056
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Week Chart
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NZD/JPY is in consolidation

NZD/JPY is in consolidation. The pair is moving between upper resistant level of 83.75 and lower support level of 75.89. There are two important trendlines viz T1 and T2 which is capping the pair from moving upward and pushing the currency down towards 75.89 level.
Support and Resistant Levels are
87.76
93.78
75.89
69.06
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Week Chart
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NZD/JPY will remain in the rangebox

NZD/JPY is moving inside range box with upper range resistant line of 83/83 and lower range box support line of 76.00.
The pair is likely to move up towards the upper line of the range box and fall again.
Major Supprt and resistant lines are
83.85
82.48
81.08
78.09
76.00
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Week Chart
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GBP/CHF is consolidating

GBP/CHF is in consolidation and has been moving in a range box.
Main Support and Resistant Levels are as follows:
1.3380
1.3050
1.2680
1.2165
Daily Chart
Weekly Chart
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AUDUSD likely to consolidate

AUDUSD is likely to consolidate after recent breaking from the range box. The pair is also superimposed by a channel.
Main Support and Resistant Level are
0.8160
0.7760
0.7480
0.7160
0.6820
Daily Chart
Weekly Chart
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Range-bound Moves Persist in EUR/SEK

The smaller range-bound moves persist in the EUR/SEK. The pair opened March around the 9.55 handle and is currently trading at 9.4533, a percentage change of just over 1 percent. The chart also demonstrate a classic V-shaped reversal pattern.
Our second chart below also shows this V-shaped pattern but on much bigger timescale, the weekly chart. Here too we're seeing the EUR/SEK range-bound behavior.
This currency pair keeps being brought back to the 9.50 area, no matter how much it tries to stra…
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EUR/PLN Remains in Multi-Year Range

The near six years long range in the EUR/PLN is still in force. Since the start of 2011 this pair has moved without a clear trend or direction. We opened 2012 at 4.4464 and we're currently quoted at 4.2453. This is around 4 percent, a very small amount for several years of trading.
The vast majority of the past 6 years the pair has spent between 3.06 and 4.5800. Like we said above, it's currently trading at 4.2453, in the middle of the range still.
On our final chart above we are seeing that the…
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GBP/NZD is in consolidation

GBP/NZD is inside a range box with box top level of 1.7920 and box bottom level of 1.7360. Short term wise, the pair is likely to fall towards the box bottom level.
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More of the Same for the Turkish Lira

I expect to see more of the same in the EUR/TRY. The pair has been trading range-bound on the lower timeframe 4 hour chart, as the picture below clearly shows. There were several attempts to break above the 4.16 - 4.17 resistance area, with no success.
On the bigger weekly chart (below) we're seeing the same price behavior. Here too price is bouncing against important resistance and again it is the 4.17 level, same as on the 4h chart.
Because of this timeframes confluence I don't think the pair …
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