Tuesday, November 24, 2020 7:07 AM EST
Commodity currencies such as the AUD/USD and NZD/USD enjoy bullish flows as the uptrend continues.
The AUD/USD is very bullish. It is making progress towards 3 month highs and I expect the trend to continue. Buying the dips is the best possible scenario. There are 2 POC zones. 0.7295-0.7305 is the first POC zone and 88.6 and D L4 – 0.7263-0.7275 is the 2nd. The target is 0.7327. If the pair doesn’t retrace that low we should see a retest of 0.7340 and continuation up.
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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 ...
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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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