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USD/RUB warns of a stronger rally attempt

A well bid USD/RUB elevates the ADX above its 50 level, signal of a highly constructive trend on 1hr charts.

What makes the higher settlement in the ADX rare -although not unprecedented- is the fact that it was printing below 35 ten hours ago.

Such an outperformance encourages momentum traders to pile in, and adjust positions by means of trailing stops. This may have the opposite effect of a corrective slide, driving the prices towards the 200-hour SMA to find less impulsive buyers.

New Zealand Manufacturing sales rose from previous -0.2% to 3.5% in 3Q

New Zealand Manufacturing sales rose from previous -0.2% to 3.5% in 3Q
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AUD/USD: sideways after supply on commodities sell-off

AUD/USD finished up the US day in the red and sinking over half a cent in the wake of lower oil prices, much lower, and copper falling to a low of 2.0420 vs 2.0950 the high.
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