Month: July 2014

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Commodity currency and Commodity rules…..

AUDUSD The commodity currency traded well last week. The Australian dollar has surprisingly been resilient in the face of geopolitical risks. News coming out from China were not so positive where property prices in China showed a decline. This should be negative for Aussie, however the currency found support in Australian Treasurer Joe Hockey’s comment…

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Prices trading at support and resistance…

[ads]GBPUSD managed to close above 1.7043. If you had bought it, do take some profit off the table. From the monthly chart, the next target is 1.7491. Shift remainder trades to 1 pip above entry. EURUSD, price showed bearishness at 1.3689. You would have shorted on July 3rd and targeted the 21sma which was achieved…

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