Afternoon market update 27 09 2021
Afternoon market update 27 09 2021 with LCMS Traders Pte Ltd:
AUDUSD & NZDUSD were in focus today with the next economic news for the AUD being Retail Sales (MoM) (Aug) released at 09:30 GMT+8 expected to be -2.5% and entry short from 0.7291 after it pulls back to 0.7316, 30 pip stop loss and a 60 pip take profit back down to the 0.7233 support leve being mindful of the DXY and if this move over 93.20 can be continued higher with further risk off market sentiment. The NZDUSD is offering selling opportunities at 0.7056 after a test and rejection of the 0.7073 using a 40 pip stop loss and 80 pip take profit at a minimum given the significant downside potential. Gim Hong Lee discussed a trade idea on the AUDCHF check out the video using this link:
AUDCHF Trade Idea - Possible Selling Opportunity at Key Resistance Level https://lnkd.in/gifndYvN.
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