
We have outlooked several promising Forex pairs and the result can surprise you!
Don’t waste your time – keep track of how NFP affects the US dollar!
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AUD/CAD is trying to hold at some important long-term levels (0.8970 is the 50% Fibo retracement of the 2008-2012 advance). A bullish weekly candlestick with a long lower wick shows that bulls are willing to buy below it. On the D1, the pair closed above the 50-day MA on Friday (0.8990) after forming a higher low earlier last week. As long as it trades above 0.8990/70, it has bullish momentum for a move up to 0.9050, approaching the 100-day MA.
We have outlooked several promising Forex pairs and the result can surprise you!
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The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.
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