Thursday, July 29, 2021 6:28 AM EST
The AUD/USD is going up as the USD weakened after the Fed meeting yesterday. Technically it’s in the zone where buyers are.
0.7344-0.7420 is the zone where we see buyers. If the price makes a continuation move towards 0.7575 we should see a stronger momentum up. For bulls, the most important is to have a close above 0.7411. That should make the new buyers join and lead the price higher towards the next level.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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