KeytoMarkets

Bullish lead: Copper vs AUDUSD

Long
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Copper has continued to rally with breaking the sym.triangle resistance trendline and psychologically key resistance 3.2980.
We expect the AUDUSD will follow the copper's lead. Based on this lead, we forecast a bullish target at 0.7750-0.7800 initially, with potential support zone finds between 0.7475-0.7450.

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