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4 Aug 2014

AUD/USD unable to extend above the critical 0.9330 level - FXStreet

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik points out that after rising to 0.9330 early during the Asian session, AUD/USD was unable to climb further.

Key quotes

"The hourly chart shows price above its 20 SMA and indicators heading higher above their midlines, suggesting some upward potential in the pair."

"Although a break above mentioned resistance is required to confirm an advance."

"In the 4 hours chart price stands above a still bearish 20 SMA and indicators flat around their midlines which diminishes chances of a recovery."

Aug 4, 2014

US 2-year T-note future forms a double bottom in price - ForexTrading.TV

Nicole Elliott, currency analyst at ForexTrading.TV, observes that US 2-year T-note future forms a double bottom in price.

Cable trying to shake off its funk - FXBeat

Jamie Coleman comments on FXBeat that the GBP/USD has been rising to new session highs on Monday in the low 1.6840s.