Daily Market Analysis 01|07|2020: AUDUSD

Daily Analysis / Online Education

Daily Market Analysis 01|07|2020: AUDUSD

Instrument: AUDUSD

Intraday: Bullish

Technical Analysis

Buy if price trades above 0.69097 with take profit at 0.69518.
Alternative scenario: 
Sell position is envisaged if price trades below 0.68825 with take profit at 0.68511.
1:15pm USD ADP Non-Farm Employment Change

Comment: This instrument bounced off a support and has seen strong bullish momentum which is expected to continue if the resistance on the 1Hr timeframe is broken.

Analysis: SCRUM Team

Leave your thought here

Your email address will not be published. Required fields are marked *

Select the fields to be shown. Others will be hidden. Drag and drop to rearrange the order.
  • Image
  • SKU
  • Rating
  • Price
  • Stock
  • Availability
  • Add to cart
  • Description
  • Content
  • Weight
  • Dimensions
  • Color
  • Additional information
  • Attributes
  • Custom fields
Wishlist 0
Open wishlist page Continue shopping