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USD/RUB forms a dark cloud cover

A bearish reversal pattern has been detected on the USD/RUB daily chart.

Demand couldn't be sustained and the exchange rate lost ground, falling below the midpoint of the previous candle's body. This pattern indicates an opportunity for traders to capitalize on a trend reversal by positioning themselves short at the opening of the next candle.

It may also be used as a warning sign for bullish positions as the exchange rate is reacting to overhead supply.

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Long AUD/NZD, target at 1.14 - NAB

NAB is betting long-side in the AUD/NZD market, with a targeted entry of 1.09, a take profit level of 1.14 and a stop loss at 1.07.
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