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Gold prices settled slightly lower on Wednesday after shuffling between gains and losses, as investors waited for the minutes of the Federal Reserve's September 16-17 meeting to gauge the central bank's outlook on the economy and rate policy.
The EUR/USD pair fell during the day on Wednesday, as we continue to bounce between the 1.11 level on the bottom, and the 1.13 level on the top.
The AUD/USD pair rose during the course of the session on Wednesday, testing the 0.72 handle.
The USD/MXN pair found support at a vital area after initially falling during the session on Tuesday. Because of this, we ended up forming a hammer which of course is one of my favorite signals to start going long.
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The AUD/CHF pair broke higher during the session on Wednesday, clearing the 0.70 level.
The GBP/AUD pair initially fell during the course of the session on Wednesday, but found enough support near the 2.12 level to turn things back around and form a nice-looking hammer.
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The EUR/CAD pair bounced during the course of the session on Tuesday, which of course was important considering that we had broken down below a pseudo-uptrend line, and of course the all-important 1.4750 level on Monday.