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EUR/NOK upside overdone? – Danske Bank

Analyst at Danske Bank Mathias Mogensen assessed the recent price action around the Norwegian Krone. Key Quotes “Yesterday saw EUR/NOK rise to the high end of the 9.25.9.40 range. While the rise benefits our bullish EUR/NOK position from Reading the Markets Norway, we think the

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Daily Forex Update: AUD/NZD

By: Dima Chernovolov AUD/NZD continues to rise inside the clear Rising Wedge chart pattern which was recently identified by Autochartist on the daily charts. Autochartist measures the quality of this Rising Wedge at the 6-bar level – which is the result of the slow Initial

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USD/CAD: Rallies are on the cards – Natixis

Rallies are on the cards for USD/CAD pair, as the daily indicators have recovered, towards a resistance at 1.2580-1.2591 (daily parabolic) strong barrier ahead of 1.2647 (weekly Bollinger moving average), suggests Micaella Feldstein, Research Analyst at Natixis. Key Quotes “The break of this last barrier