I’ve had a great experience with Fusion so far, thanks to their low trading costs. Their customer support is also very convenient to reach, and they respond incredibly quickly.
That's fantastic to hear! It really makes our day when we know someone's having a positive experience. We work hard to keep those trading costs low, and it's great you're seeing the benefit.
Gold well and truly smashed through the $3000 barrier this week, peaking at around $3057 per troy ounce.
Looking at the 4 hour chart, we may see one more impulse of buying after the current corrective move. This correction may head towards the 38.2%/50%/or 61.8% Fib retracement levels (if you use them in your trading).
If we do see another bullish impulse then...
There is a lack of trend in the current AUD/USD price action.
Instead, price appears to be moving within a range from 0.6200 to 0.6400
In the centre of the range is a daily support of 0.6277 which price closed below on Friday.
Potentially, this could now mean further downside towards the bottom of the range.
Price is back at daily support (tested and rejected in December 2024 and most recently March 2025).
Tuesdays daily candle saw a bearish close at the level. If price breaks the high on Wednesday, we could see 0.8850 tested again.
From there, price could reject (again) or push higher.
The upcoming FOMC statement could change everything though.
At the end of last week, USD/CAD sat at current 4 hour support at 1.4360
A reversal pattern here next week could lead to a long trade targeting 1.4445 which was the most recent 4 hour resistance.
However, a 4 hour close below 1.43600 could lead to sells with a potential target of 1.4286
The bullish weekly trend for EUR/NZD continues but have the buyers run out of steam for now?
Examining the weekly price action. we see that after 2 weeks of strong buying, the last week ended in a Shooting Star candle (also known as a pin candle).
This may be a sign that buying pressure has decreased and a natural pullback/correction is now in play.
Watch for...
With price now hitting previous resistance at 1.0940, we may now start to see a correction in the market after the latest 500+ pip move from the bulls.
Watch for a change of cycle on smaller time frames.