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FxIntelligenceIN
Dec 5, 2020 11:47 PM

AUDUSD is still in the ascending channel. Long

Australian Dollar/U.S. DollarFXCM

Description

Recently, the global market has obvious risk sentiment. The rise in securities indexes and commodity prices, especially the rapid rise in copper prices, has led to the appreciation of commodity currencies. Therefore, fundamentals have helped the Australian dollar to appreciate.

By technical analysis, AUDUSD is still in the ascending channel. It is recommended that when the price falls back to support, buy AUDUSD.

Comment

Pull up "Stop Loss Line" above entry price, maybe 0.7430 - 0.7450 (protection profit to prevent the market from falling into a loss of money.), and the take profit can be adjusted upward to between 0.7500 - 0.7560.

Trade closed: target reached

Target Reached 0.7600
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