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CMS Daily Market Report 18th August 2022

 

The pound rose to the 1.2143 range on Wednesday but ended the day down 0.40% to close at the 1.2050 range as sellers pressured the range. Now, according to the price position in the 4-hour chart, if the price closes below the level of 1.2010, the path will be prepared to continue the downward movement towards the equilibrium range of 1.1920.

According to the analysis, the Australian dollar fell 1.23% on Wednesday and closed the day in the range of 0.69372. Now, according to the price position in the 4-hour chart, any increase in the price towards the 0.69666 range is a selling opportunity, and the way to continue the downward movement towards the 0.68840 range is available

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