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AUD/JPY momentum shifts to upside

The daily AUD/JPY MACD has moved above its median line, as a result of increased momentum in recent days.

The condition could be taken by trend-following traders as a reason to jump out from short positions, thus causing further upside pressure on this pair. Outlined on the daily perspective, the oscillator has not printed above zero at least for three weeks. This is a reason to pay attention to an otherwise less meaningful technical event.

USD/JPY: will we finally get a break of range? - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that USD/JPY has extended its limited range for one more week, still glued to 120.00 price zone, and with no aims to break it according in the nearer term.
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EUR/CHF gaining upside traction

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