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Currency call summary 23 08 2021:
Today's call had the AUDUSD and NZDUSD in focus with a detailed tutorial on how to apply support and resistance levels correctly on these two pairs. Watch from 7:05 to 13:45 to see how to apply the levels into the charts allowing for better trade ideas to be constructed. The AUDUSD is a sell trade idea if price can break through 0.7120 using a 30 pip stop loss and 120 pip take profit with the Retail Sales for the AUD coming out on Friday at 09:30 GMT+8 looking like a catalyst to push the AUD lower. NZDUSD is offering selling opportunities if price can get below 0.6819 using a 30 pip stop loss and 100 pip take profit with the NZD Covid situation causing concerns on their economy given the lock downs. The DXY is pulling back to the 92.18 support level with a steady state of economic news that will likely see further buying pressure on for the US dollar.
- 00:06:08
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Total 100 FCOIN reward
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