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Hey Traders,
The CPI release was the important release that everyone looked out for last week. Result was in line with expectation giving a huge sigh of relief. Risk on was prevalent throughout last week with the S&P500 breaking new high.
This week, we would not be discussing the technical outlook of the Dollar and Gold.
Upcoming Economic Release:
Trade Recap
No recap for this week.
Trade Analysis / Setups
AUD/USD (Analysis 50-1)
Long opportunity: Break and retest confirmation at 0.7180 region towards 0.72273 as Take Profit - 1 level.
NZD/JPY (Analysis 50-2)
Long opportunity: Break and retest confirmation at 77.75 region towards 78.62 as Take Profit - 1 level.
Short opportunity: Break and retest confirmation at 76.775 region towards 76.0 as Take Profit - 1 level.
NZD/CAD (Analysis 50-3)
Long opportunity: Retest confirmation at 0.86355 region towards 0.86680 as Take Profit - 1 level.
Short opportunity: Break and retest confirmation at 0.86078 towards 0.85663 as Take Profit - 1 level.
Cheers to all our member who managed to pack some profits this trading week.
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Stay safe out there and safe trading!
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