Originally Updated: 06:10am
Currency Pair: AUD/USD
Sentiment: Bullish
Market focus:
In today’s trade set up we will be focussing on short term buying opportunities on the AUD/USD.
Fundamentals:
We are looking for buying opportunities on the AUD/USD today after business conditions in Australia gained by the most on record, taking this into account and the poorer than expected employment figures from the US last Friday I think we could see a short term pop up in the AUD/USD. U.S markets should see light volume today with the banks being closed in observance of Veterans Day.
Technicals:
We have a nice confluence zone at 0.8565-0.8555. This should offer short term support for any pullback.
Stop loss could be placed at 0.8525
Take profit target: 0.8608
Currency Pair: AUD/USD
Sentiment: Bullish
Market focus:
In today’s trade set up we will be focussing on short term buying opportunities on the AUD/USD.
Fundamentals:
We are looking for buying opportunities on the AUD/USD today after business conditions in Australia gained by the most on record, taking this into account and the poorer than expected employment figures from the US last Friday I think we could see a short term pop up in the AUD/USD. U.S markets should see light volume today with the banks being closed in observance of Veterans Day.
Technicals:
We have a nice confluence zone at 0.8565-0.8555. This should offer short term support for any pullback.
Stop loss could be placed at 0.8525
Take profit target: 0.8608
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