Csco was unable to breach the 43.69 resistance level as the MA 20 formed pressure on the price and prevented it from rising. A 50 SMA above the price is an additional negative pressure on the movement of the stock, therefore we may see further declines for the third session …
The AUDUSD rallyed to the 0.7145 level, which is now important support, to resume its positive trading session and approach our awaited first target at 0.7200, awaiting further upside in the short term with our next target at 0.7335.
The SMA 50 is a resistance to the price, so if …
USDCAD
The pair is in downtrend due to the weaker USD in anticipation of publication of the Fed’s December monetary policy meeting minutes and today’s meeting of the Bank of Canada concerning interest rates. The pair has the potential for decline if the Canada’s regulator indicates its intention to continue …
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