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Weekly Forex Forecast - EUR/USD, NASDAQ 100 Index, AUD/USD, NZD/USD, USD/CHF, USD/CAD, WTI Crude Oil, CAD/JPY
The Australian dollar has been somewhat lackluster during the week, but at this point in time, the market also looks as if it is trying to bounce a bit. Ultimately, this is a situation that looks a little bit confused, but it is worth noting that perhaps we are in the midst of forming some type of base. If the market were to break above the 0.6850 level, and perhaps even more importantly, the 0.6925 level, then buyers will certainly continue to jump in and push this market to the upside. EUR/USD: chart The euro has exhibited significant volatility throughout the week, hovering around the critical 1.09 level. This ... (full story)