Tea with John Lennon
The AUD/USD is currently trading to new weekly highs, and is poised to close higher for the fourth consecutive session. This initial surge in price higher was predicated on a technical move through .7253, which is represented in the graph below using the 200 day moving. Normally a move above the 200-day MVA suggests the beginnings of a bullish trend. Knowing this, day traders may then elect to move in to smaller time frames and look for signs of the trend continuing. ...
There is support between 6230 and 6200, with the 6/1 swing low at 6149 as the next level of significant support. As long as the spike day high (6323) keeps a lid on the market, we expect the market to be range-bound, with weakness unfolding in the very near-term. A range-bound UK stock market and currency as the next two weeks up to the EU referendum makes sense on this end as the pendulum swings from ‘stay’ to ‘leave’ within its own slight ...
Brian "Head" Welch says James "Munky" Shaffer and him have really connected on Korn's upcoming album. The guitarist spoke with 95.5 KLOS about the duo's ability to rise to the top on their twelfth studio album. "Me and Munky have connected in a way that we haven't, literally, in years and years. The last record was awesome, and I love it." "So we've had time to hang out and jam together for three years on the road. And so me and Munky ...
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