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The US dollar advanced against most of its forex rivals as risk aversion set in when commodity prices continued to tumble.
EURGBP has been trending lower on its 4-hour forex chart, with price moving below a descending trend line connecting the highs since May.
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The US dollar regained ground against its forex rivals, thanks to a selloff in commodities and a downturn in risk appetite.
AUDJPY has been moving sideways on the 1-hour time frame, finding support around the 91.00 major psychological level and resistance just above 92.00.
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The US dollar gave back some of its recent gains to its forex rivals, as traders probably booked their profits off their long positions.
After selling off in the past few days, EURUSD is making a correction to the 38.2% Fibonacci retracement level.
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The US dollar had a mixed performance as it gave up some ground to the commodity currencies but advanced against the yen and franc.
NZDJPY has formed a double bottom pattern on its 1-hour chart, signaling that a short-term reversal could be possible.
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The US dollar ended the previous week on a strong note, thanks to upbeat data from the economy.
NZDUSD could be in for a correction early this week, as the pair bounced off its recent lows around the .6500 major psychological level.