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CMS Daily Market Report 13th October 2022

The Australian dollar has lost more than 1% of its value since the beginning of the week and is currently in the 0.62700 range. Now, according to the price position in the 4-hour chart, any price increase towards the 0.63020 range is a selling opportunity, and the path is ready for the start of a new downward wave towards the 0.61600 support range.

In yesterday’s report, we mentioned the importance of the price close at the end of Wednesday to determine the short-term movement of oil. According to the analysis, at the same time as the US crude oil stockpiles reports, WTI fell by 1.70% and failed to maintain its position above the level of 88.50.

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