AUD/USD: confirmed 'Double Bottom'

AUD/USD: confirmed 'Double Bottom'

Information is not investment advice

There's a 'Double Bottom', which has been confirmed enough, so the pair is rising. The main bullish target is the nearest resistance at 0.6962 - 0.6987 and the 89 Moving Average. The subsequent pullback from these level could be a starting point for another decline towards the next support at 0.6908 - 0.6891.





The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

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