Downward correction in the last session of the week AUD

14 ก.ค. 2023

Smart investment, Strong finance

AUD INFORMATION:
Investors were aggressively pricing in the end of U.S. rate increases on Friday, leading to a significant recovery in the bond markets. As a result, the Australian and New Zealand dollars were on track for their strongest week of the year.

Personal comments NOVA:
Although the Australian dollar continuously had good news to help the price recover strongly, in the last session of the week, the price corrected down.

SET UP AUD/JPY PRICE:
SELL AUD/JPY zone: $94.85 - $94.95 SL $95.25
TP 1: $94.45
TP2: $94.15


Technical analysis:
Based on technical indicators EMA34, EMA89 and the stiff resistance zone of 95.35 to place a SELL order

NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest