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TitleNZDUSD H4 | Potential bearish reversal? TypeBearish Reversal Preference:Price could rise again towards the pivot point of 0.59911 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price down to its 1st support at 0.59442 which is a swing-low support. […]

Daily Market Outlook, August 15, 2023 Munnelly’s Market Commentary…  Asian equity markets traded with mixed outcomes as market participants processed key releases, including disappointing Chinese activity data and the People’s Bank of China’s (PBoC) unexpected reductions in its 7-day Reverse Repo and 1-year Medium-term Lending Facility (MLF) rates. The Nikkei 225 index in Japan experienced […]

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