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    • AUD/USD and NZD/USD Could Eye More Upsides AUD/USD started a fresh increase above the 0.7260 resistance zone. NZD/USD also climbed higher and it might continue to rise towards the 0.7150 level. Important Takeaways for AUD/USD and NZD/USD The Aussie Dollar started a decent increase above the 0.7260 barrier against the US Dollar. There was a break above a major bearish trend line with resistance near 0.7260 on the hourly chart of AUD/USD. NZD/USD also gained pace after it broke the 0.7020 resistance. There was a break above a key bearish trend line with resistance near 0.7020 on the hourly chart of NZD/USD. AUD/USD Technical Analysis After a steady decline, the Aussie Dollar found support near the 0.7225 zone against the US Dollar. The AUD/USD pair formed a base above the 0.7220 level and recently started a fresh increase. The pair broke the 0.7250 and 0.7260 resistance levels. There was also a break above a major bearish trend line with resistance near 0.7260 on the hourly chart of AUD/USD. The pair even cleared the 0.7300 level and the 50 hourly simple moving average. AUD/USD Hourly Chart A high was formed near 0.7316 on FXOpen and the pair is now consolidating gains. It is trading near the 23.6% Fib retracement level of the recent increase from the 0.7223 swing low to 0.7316 high. An initial support on the downside is near the 0.7285 level. The next major support is near the 0.7370 level and the 50 hourly simple moving average. It is close to the 50% Fib retracement level of the recent increase from the 0.7223 swing low to 0.7316 high. If there is a downside break below the 0.7370 support, the pair could extend its decline towards the 0.7325 level. An immediate resistance is near the 0.7315 level. The next major resistance is near the 0.7320 level. A close above the 0.7320 level could start a steady increase in the near term. The next major resistance could be 0.7365. Read Full on FXOpen Company Blog...  
    • [b]FRESHFOREX BIRTHDAY CONTEST HAS STARTED![/b] [img]https://freshforex.com/netcat_files/Image/7a21de80078955c005aff77375c0b830.jpg[/img] Dear traders, FreshForex turns 17! In honor of the birthday, we have a contest for all traders with real accounts. From September 20 to October 20, trade with a volume of 0.11 lots and above — and we will double your profit or refund your losses! Each of your closed trades from 0.11 lots participates in the contest. On October 21, 100 profitable and 100 unprofitable closed trades will be picked randomly. Each winner receives a prize amount directly to the account balance. Trade as you like and get double profit in the FreshForex birthday contest! The Deposit bonus 300% helps to increase the trading volume. For each $100 deposit or more, you receive additional funds to cover the margin. Use the bonus to open more trades and win! [b]GERMANY'S DAX EXPANDED FROM 30 TO 40 COMPANIES![/b] [img]https://freshforex.com/netcat_files/Image/e1dcf1225e29c516f5996a3016b1c187.png[/img] Dear clients, Ten new companies joined the German DAX on Monday, September 20. This is the biggest change in the history of Europe's most important stock market index! The renewed DAX includes stocks of such well-known companies as Airbus, Porsche SE, Siemens Healthineers, as well as Beiersdorf, Zalando, Symrise, Sartorius, Brenntag, Hellofresh and Qiagen. The extended DAX will most fully reflect the modern structure of the German national economy: the 40 largest companies represent about 80% of the market capitalization and can be considered representative. When trading indices, the risks are significantly lower than when trading stocks: by choosing an index, you diversify funds into several companies at once. The index allows you to benefit from positive and negative dynamics. Even if an individual company loses value, the index can increase. As a matter of FreshForex traders convenience, the DAX30 index name remains unchanged in the company's services. Note, the index is up 12% since the beginning of this year and up 20% over the past 12 months. Open trades with the updated DAX and increase your profit today!
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