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Flash: Weekly Technical Outlook, EUR to cap at 1.3850 - TDS

FXStreet (Guatemala) - Strategist s at TD Securities offered their weekly technical outlook for a handful of the majors.

Key quotes:

“EUR/USD’s technical trend is positive but currently lacks the dynamism to suggest an extension above 1.3800/50”.

"USD/JPY has slipped into neutral – we spot key support at 101.70 and resistance at 102.85".

AUD/NZD continues to carve out a bull reversal – we are bullish above 1.0955".

EUR/AUD is – interestingly – carving out a bearish reversal".

AUD/USD finishing up sub critical 0.8990 support

AUD/USD is finishing up the week with a negative outlook going into next, down from the 0.90 psychological handle and sub the critical 0.8990 support.
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US session recap – a range bound day

The market has been in most parts a range bound session with a common 30-60 differential in price. However, we did see some dramatics from the likes of Sterling and USD/CAD.
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