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NPBFX - making money with us since 1996!
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[QUOTE="Antony_NPBFX, post: 195244, member: 38727"] [size=5][b]AUD/USD: positive financial statements supported the pair's quotes 12.05.2021 [/b][/size] Good afternoon, dear forum visitors! [url=https://www.tb.marketinstructor.com/?referer1=earnforex.com] NPBFX[/url] offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading. [b] Current trend [/b] The AUD/USD pair is correcting, trading at 0.7796. AUD continues to trade with confidence against its major competitors. The situation with the spread of coronavirus in the country has been taken under control, and since the beginning of the week, the number of new cases has not exceeded 10. Against this background, macroeconomic indicators began to recover. Australian Retail Sales rose 1.3% in March, while the National Bank of Australia's business confidence rose to 26 points in April from 17 points in March. The number of Building Approvals came in line with analysts' expectations, increasing by 17.4%. In turn, USD is trading without a pronounced dynamics, being near the psychological support level of 90.000 in the USD Index. The US Food and Drug Administration (FDA) has approved Pfizer's coronavirus drug for teens aged 12 to 15. Vaccination of this category of the population may begin this week. US CPI data for April will be released today. Analysts expect the growth rate to remain at the March level of 0.3%. Investors' attention will also be focused on the 10-Year Note Auction. [b] Support and resistance [/b] On the global chart of the asset, the price continues to form an ascending channel. Technical indicators are in a state of purchase: the range of EMA fluctuations on the Alligator indicator is expanding, and the histogram of the AO oscillator is trading in the positive zone. Resistance levels: 0.7847, 0.8000. Support levels: 0.7696, 0.7560. [img]http://businesspr-finance.com/wp-content/uploads/2021/05/AUDUSD120521-22.png[/img] [b] Trading tips [/b] If the asset continues growing and the price consolidates above the local resistance at 0.7847, long positions will be relevant with target at 0.8000. Stop-loss – 0.7750. Implementation time: 7 days and more. If the asset reverses and declines and the price consolidates below the support at 0.7696, short positions can be opened with the target at 0.7560. Stop-loss – 0.7780. [b]Use more opportunities of the NPBFX analytical portal: glossary[/b] Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on AUD/USD and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/url]. [/QUOTE]
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