AUD/USD extends Friday’s run-up, the biggest since early June while refreshing a fortnight high around 0.7320, up 0.08% intraday. + Australia Company Gross Operating Profits jump 7.1% in Q2. + A weaker US dollar, as courtesy of the dovish Fed Chair Powell last Friday. AUD/USD buyers are on the way to the monthly top surrounding 0.7430 but 0.7360 - 0.7390 may...
USD/JPY appears to be stuck in a narrow range 109.3 - 110.3. USD/JPY may continue to consolidate ahead of the Kansas City Fed Economic Symposium scheduled for August 26 – 28 amid the ongoing weakness in longer-dated US Treasury yields. USDJPY may track sideways ahead of the Fed symposium amid the ongoing weakness in US Treasury yields. => If price break out are...
Need to carefully observe the important support zone 1772 - 1882. Will this zone be broken or not.? + If there is a bullish signal, it is possible to buy in this zone, stoploss 1769, take profit 1808. + If this zone is broken out, the price can fall to the next support areas 1758 and 1738 before possibly turning uptrend again.
The Canadian dollar picks up momentum as oil precise stays above $67.00. “Canada is headed for a federal election on 20 September. Historically, political developments hardly impact CAD which is more inclined to react to global macro metrics in the likes of commodity prices and terms of trade.” The price has already retested support on an hourly basis, so there...
Buy at current price 108.90 and buy limit at price 108.35, SL 107.95, TP1 110.15 and TP2 110.95
1. Sell at price 88.20 - 88.35, TP1: 87.80, TP2: 87.20, TP3: 86.60, SL: 88.50 2. Sell breakdown when price breakout below area 87.80. TP1: 87.20, TP2: 86.60, SL: 88.20