Australia
AUDUSD ShortHey traders, in this week we are monitoring AUDUSD for a long term selling opportunity around 0.71 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
FMG - Is it headed to $30 ?Fmg - looks like the uptrend is about to resume.
Key techinical - Inverse head and shoulders formation. FMG chart suggests it could be headed to $30. Resistance at $26. 20% upside.
Key fundamental - Iron ore prices at record highs to continue, resulting in record EPS ( big dividends ).