The pair opened today above the pivot price which is at 112.15. As seen above the chart is characterized by a series of higher highs and oscillating within a bullish channel. The RSI shows a good climb and potential for some more upside move. Other technical indicators including the hourly MA also hold a bullish stance.
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As far as trading stocks through the Internet, the key thing is not about how hard you work on it, but actually about knowing precisely what you’re going to do, and making that knowledge work.
We’ve performed some research on successful traders, so here are eight simple rules that will make you a successful online trader!
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OPEC members are expected to meet in Vienna on Wednesday, 30th November. The primary purpose is to try to reach an agreement that will reduce global oil output to between 32.5 and 33 million barrels per day.
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The Aussie has kept up a good performance against the USD so far this week. Maintaining its position within a bullish channel with potential for further upside. The market opened today’s session above the pivot which is at 0.7445.
Continue reading “Trade Of The Day: AUDUSD”