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Flash: GBP/CAD trend change plays out – TD Securities

FXstreet.com (London) - Toronto FX research teams at TD Securities said that the weekly top/reversal signal (“evening doji star”) we have highlighted as a strong warning of an impending reversal in the cross remains in force. Adding, soft price action so far this week serves as confirming evidence that a trend change is playing out.

Also, they said the same for the break below weekly trend support. An extension of the push lower yesterday setting a new 4-week low completes a trifecta of negative, medium technical signals that will be hard to ignore. Initial retracement support is 95.80 but

given the extent of the rally seen over the past 6 months or so, which has been correction-free to a great extent a deeper drop (90-92.50) may be on the cards.

Flash: USD/JPY to range as AUD/USD looks to build base - OCBC Bank

Emmanuel Ng of OCBC Bank expects USD/JPY to range and AUD/USD to base build.
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EUR/USD decline halted around 1.2965/70

Seems the intraday drop of the shared currency has bottomed out around the 1.2965/70 region on Friday, grabbing some pace afterwards to the 1.2990/95 area. ...
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