Afternoon market update 26 07 2021
Currency call summary 26 07 2021:
AUDUSD sell trade opportunity if price moves below 0.7336, with a 50 pip stop loss and a 120 pip take profit. NZDUSD if price moves below 0.6963 this would be a possible sell trade using a 30 pip stop loss, the US dollar is still bullish with with New Home Sales (MoM) (June) with expectations at 3.5% by 22:00 GMT+8, then on Tuesday Core Durable Goods Orders (MoM) (June) at 0.8% expected and on Thursday morning at 02:00 there is the FOMC Statement with the FOMC Press Conference out at 02:30 which are all price sensitive news likely holding up the DXY and to push for a test to break over 93.00.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.