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Thursday, October 31, 2013

AUD/USD: Aussie Snaps Losses In The Asian Trading Hours

The pair is expected to find support at 0.9440, and a fall through could take it to the next support level of 0.9398. The pair is expected to find its first resistance at 0.9525, and a rise through could take it to the next resistance level of 0.9568.



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USD/JPY: BoJ Governor Reveals Three Board Members' Dissent In Achieving 2% Inflation Target

The pair is expected to find support at 97.61, and a fall through could take it to the next support level of 97.35. The pair is expected to find its first resistance at 98.32, and a rise through could take it to the next resistance level of 98.78.



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USD/CHF: Swiss Franc Trading Tad Lower In The Morning Session

The pair is expected to find support at 0.9016, and a fall through could take it to the next support level of 0.8954. The pair is expected to find its first resistance at 0.9116, and a rise through could take it to the next resistance level of 0.9154.



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USD/CAD: Canada's GDP Rose More Than Expected In August

The pair is expected to find support at 1.0396, and a fall through could take it to the next support level of 1.0361. The pair is expected to find its first resistance at 1.0479, and a rise through could take it to the next resistance level of 1.0527.



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Daily Technical Analysis

The EURUSD had a bearish momentum yesterday and hit 1.3539 earlier today. The bias remains bearish in nearest term. The major bullish outlook should remain valid but price is now testing key support located around 1.3500 – 1.3450 and the lower line of the bullish channel as you can see



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EUR/USD: Euro-Zone Consumer Inflation Fell To A Four-Year Low In October

The pair is expected to find support at 1.3491, and a fall through could take it to the next support level of 1.3427. The pair is expected to find its first resistance at 1.3667, and a rise through could take it to the next resistance level of 1.3779.



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GBP/USD: Pound Pares Its Gains In The Asian Session

The pair is expected to find support at 1.6002, and a fall through could take it to the next support level of 1.5971. The pair is expected to find its first resistance at 1.6067, and a rise through could take it to the next resistance level of 1.6101.



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