Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference: Bull position is envisaged if price trades above 0.69842 with take profit at 0.70418. Alternative scenario: Sell position is envisaged if price trades below 0.69400 with take profit at 0.68862 Fundamentals:3:00pm USD ISM Non-Manufacturing PMI Comment: The markets are currently focused on other currency pairs, like the Australian dollar, which is still …
Instrument: AUDUSD Intraday: Bullish Technical Analysis Preference: 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. Fundamentals: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 …
Instrument: AUDUSD Intraday: Bearish Technical Analysis Preference: Sell if price trades above 0.68362 with take profit at 0.68157. Alternative scenario: Buy position is envisaged if price trades above 0.68556 with take profit at key level 0.68802. Fundamentals:Feds chair Powell Testifies (USD) 5:30 pm Comment: This instrument has been ranging between a strong support and resistance on the H1, though for …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 0.68969 with take profit at 0.68540. Alternative scenario: Buy position is envisaged if price trades above 0.69587 with take profit at 0.70110. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: Despite the fact that the dollar lost strength between yesterday and today, …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 0.70090 with take profit at 0.70364. Alternative scenario: Sell is in order if price trades below 0.69713 with take profit at 0.69427. Fundamentals:1:30pm USD CPI m/m USD Core CPI m/m7:00pm USD Federal Funds Rate Comment: The US dollar is …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 0.66213 with take profit at 0.66520. Alternative scenario: Sell position is envisaged if price trades below 0.65975 with take profit at 0.65740. Fundamentals:1:30pm USD Prelim GDP q/q Comment: The US economy has been under intense pressure after tensions between the US and china escalated, this pushed …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 0.65679 with take profit at 0.65970 Alternative scenario: Sell position is envisaged if price trades below 0.65100 with take profit at 0.64694 Fundamentals:1:30pm USD Advance GDP q/q7:00pm USD FOMC Statement Comment: The upbeat market mood remained well supported by the slowing spread of the coronavirus, …
