Check out this week's Trading Support and Resistance: Trading FOREX
was likely to increase in value. This was not a good call, as this cross increased over the week by 0.89%. Last week we saw a strong counter trend move in the GBP/USD currency pair, so I forecast that is will decrease in value over the coming week., with 77% of all the important currency pairs or crosses moving by more than 1% in value.as there are several major central bank releases due.
Last week was dominated by relative strength in the British Pound, and relative weakness in the Australian, New Zealand, and Canadian Dollars, and the Swiss Franc.
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