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Jim Devonport

Compass Global Markets

AUDUSD: Resilient and trading around the half way level of the mid-August sell off, despite a change of PM. RBA Minutes are released this morning and US Retail Sales this evening. Both have the potential to push this pair higher still. Firm technical resistance sits at the bottom of the range that held throughout the last couple of months; 100 points above. AUDEUR: Back at the top of the range, although the move was tempered by a strong EU Industrial Production read. A weaker German ZEW is expected this evening so should push through 3 week old resistance. Monthly trend-line resistance sits 200 points above. AUDGBP: Aussie Dollar positivity continued here as well. We sit bang on the 50% retracement of the range seen since the start of August as we wait for an expected weak UK Inflation data that should see us push on. AUDNZD: Grinds higher as the market digests the RBNZ. NZ Dairy Prices over night will see volatility continue with our target 150 points above. CALL TO DISCUSS YOUR CURRENCY EXPOSURE. (VIEW LINK)


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Compass Global Markets

Involved in the financial markets performing both sales and dealing roles since the mid 1980’s, Jim has a wealth of knowledge, experience and sales acumen that he uses to build and maintain long lasting business relationships. Constantly...

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