Weekly Trade Ideas: AUD/USD, Gold, Oil and S&P500

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Weekly Trade Ideas: AUD/USD, Gold, Oil and S&P500

Postby kreslik.news » Sun May 29, 2016 11:08 am

AUD/USD – Aussie/dollar continues to lose ground

The AUD/USD has been in a sustained downtrend for about a month now and we see no signs of that slowing down yet. The critical overhead level to watch for this week is 0.7250. That level contained price last week and we see the potential for more downside movement this week if price stays under it. We see the potential for this pair to re-test 0.7040 area in the coming days if this downward momentum continues.


S&P500 – S&P500 continues its ascent

In our discussions of the S&P500 over the last few ... (read more)

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