welcome to another free trading-setup.
Point of Risk-Reduction: 0,76770
Stop-Loss: 19 pips
Risk: 0,5% - 1%
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We have a long term buy set up for the AUD/USD.
In this video, we look at how Iron Ore is a key export for Australia and the effect the commodity price has on the AUD/USD exchange rate.
With China's economy expected to grow in 2021, an increase in Australia's key export to the world's second-largest economy should support a continuation of the bullish momentum...