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Forex Trading Day Review – June 16, 2015

  • AUD continues to be range bound
  • CAD has rejected a key level of support several times over the past week.
  • CHF has setup a bearish flag
  • EUR bounced off of a key level of resistance again followed by a move to the downside.
  • NZD has been range bound since last week’s RBNZ cash rate cut.
  • USD has approached a major level of resistance.
  • New monthly highs:  GBP continued it’s trend to the upside making new monthly highs.