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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  23/03/2023


AUDNZD

AUDNZD has been trading in a bearish trend since late February, the price managed to find support at 1.06769 and has been sideways ever since. If the price break above 1.07948 then we may see more upward movements, f the price break below we may see more downward movements.



USDJPY

USDJPY has been trading in a bearish trend since early March, now the price has found support at 130.536 for the second time, we may see a correction up to the trend line or more, if the price breaks below this support, we may see more bearish movements.



BTCUSD

BTCUSD has been trading sideways since late June 2022, the price has been hovering between the 24976.57 and 15543.72 levels with no momentum in either direction. The price has now managed to break above this long range with the highest high from last year being 28861.77.
We may see correction to the 24976.57 level and more moves to the upside. If the price breaks below this level, we may see the price swing back to these levels.




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RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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