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5th January 2018 Market Outlook


Aussie Yen – AUD/JPY rally higher after price breakout above its 88.10 resistance level as we expected in our 4th January 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue to rally higher into its 89.10 resistance level in the near term.

AUDJPYrDaily

 

NZD/CAD – NZD/CAD rally higher after price rejected its 0.8870 support level as we expected in our 2nd January 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position as there’s no immediate resistance level above which offer traders huge profit margin to trade the long side of the market.

NZDCADrDaily

 

Kiwi Yen – NZD/JPY shot up higher after price rejected its 79.30–79.10 support area. Traders who are long in this market may consider continue holding onto the long position as price is likely going to rally higher in the coming weeks. There’s no immediate resistance level above which offer traders massive profit margin to continue trading the long side of the market.

NZDJPYrDaily

Posted on 2018-01-05 06:30:30

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