Post FED Interest Rate Carries On! Make No Mistake Opportunities are Still On!

Post FED Interest Rate Carries On! Make No Mistake Opportunities are Still On!

Post FED Interest Rate Carries On! Make No Mistake Opportunities are Still On!

USDCAD – This pair I think is ready for a nice pull back as with all currencies. As Christmas is approaching the markets will retrace until January but don’t be mistaken this is a great time in they ear to still put some trades in. Especially straight after the markets open on Boxing Day. The markets will be active as Asia is not on holiday! They will take advantage of these times when there is low liquidity to make some money. This currency pair can retrace back to 1.3250/40 region and if it does as per our technical analysis it may carry on with that up move! Great targets all the way up to 1.3500 – 1.3600 in January. 

 

AUDUSD – Let's follow this from yesterday. Lovely opportunity as the market is coming for a double bottom. A bounce from there may take the pair up again until January to 0.7371 – 0.7420 – 0.7460. Once we go back up in January we will once again have good opportunities to sell this pair. 

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Don’t forget to watch our daily videos on our home page at www.cmtrading.com and review the daily economic data releases from our webpage.

***Information contained in this news letter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making, but merely provides information from the market for its clients as additional information being made available as per the events occurring in the financial markets.

 

HIGH RISK WARNING:

Trading Foreign Exchange (Forex) and Contracts for Differences (CFD’s) is highly speculative, carries a high level of risk and may not be suitable for all investors. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin.

 

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