Afternoon market update 03 01 2022
Summary of today's currency call and the AUDUSD and NZDUSD trade idea's explained, for the Economic news the first event coming up of interest this week is tomorrow at 23:00 GMT+8 with the US ISM Manufacturing PMI (Dec) expected at 60.2 offering a catalyst for the DXY currently trading under the 96.00 support zone.
Currency call trade idea's 03 01 2022:
AUDUSD buy trade idea:
Entry: 0.7290
SL: 20 pips
TP: 40 pips (showing caution of a rejection in price as it approaches the resistance zone at 0.7330)
NZDUSD buy trade idea:
Entry: 0.6860 (H1 candle needs to close at it's high)
SL: 20 pips
TP: 40 pips
A disclaimer; Any information shared during this session is not intended to be a trade recommendation, it is solely the opinion and views of the speaker. So, please remember to do your own analysis prior to entering any trades.
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