AUD/JPY has been rising inside the 4-hour Up Channel chart pattern which was recently identified by Autochartist. Autochartist rates the quality of this Up Channel at the 5-bar level â which is the result of the slow Initial Trend (one bar), below-average Uniformity (4 bars) and higher Clarity (6 bars).
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9.15 am IST Rupee opens higher against US dollarIndian rupee strengthened marginally against the US dollar tracking gains in the Asian currencies market. The rupee opened at 64.34 a dollar. At 9.15am, the home currency was trading at 64.31 a dollar, up 0.10% from its Tuesday's close of 64.38.
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“The market was generally ready for higher FX purchases by the finance ministry,” said Sergey Romanchuk, chief trader at Metallinvestbank in Moscow. The finance ministry, which started buying dollars and other foreign currencies for its coffers in early 2017, said it will buy a total of 203.9 billion roubles …
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