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USD/JPY momentum shifts to upside

The daily USD/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.

AUD/USD sticking to tight trading ranges

AUD/USD sticking to tight trading ranges
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AUD/USD bulls rejected at 1hr200 SMA

AUD/USD is currently trading at 0.7245 with a high of 0.7253 and a low of 0.7235.
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