The commodities currencies, AUD and NZD have been on a bullish blaze thus far since the recovery on 20 March 2020. This was 3 days earlier than the US indices which recovers from the bottom on 23 March 2020. See chart.
For AUDUSD, there is about 300 pips profits to go before it hits the 0.70 round number.
For NZDUSD, it will be 0.675.
I prefer AUDUSD than NZDUSD though both are heading in a bullish move. Choose 1 pair if you want to long, not too as that will present double the risks factor should Market moves against us.
For AUDUSD, there is about 300 pips profits to go before it hits the 0.70 round number.
For NZDUSD, it will be 0.675.
I prefer AUDUSD than NZDUSD though both are heading in a bullish move. Choose 1 pair if you want to long, not too as that will present double the risks factor should Market moves against us.
Comment:
breaks out of the resistance, see if it can closed above it later
Comment:
heartiest congrats to those who long either both pairs or just one. Take some profits and set your trailing stop loss accordingly, expecting minor corrections ahead.
Comment:
On May 31, I said that AUDUSD will hit 0.70 , the round number and it did yesterday. Congrats to those who followed.
