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<b> MARKET</b> ANALYSIS <b> MARKET</b> ANALYSIS

MARKET ANALYSIS

Cutting-Edge Market Commentary for Informed Strategy Making

DAILY TECHNICAL ANALYSIS 20/09/2022


AUDJPY

AUDJPY has been in a downtrend since last week and managed to break its trend line, this will likely be a corrective wave for the longest time. Now the price seems to be finding resistance at the R1 level.

If the price does not break above R1, we may see swings between R1 and S1 levels.



AUDNZD

AUDNZD has been trading in a range for the past two days, the price has managed to break above this range and also give its target the height of the range. Now we may see a corrective wave around S1.

If the price has this corrective wave, we may see a further movement to the upside.


WTI

WTI has been trading in a range since the first of the month, there is no indication that it will be bullish or bearish.

If the price does not break out of this range, we may see WTI flat for a little longer.



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