Free Daily Analysis Video

First on our radar today was the Australian Dollar that managed to tower past previous levels of resistance and is now poised to move higher, unless this breakout lacks momentum and we might see some range trading to follow. With 2 more days to go before NFP, things can change rapidly, so we anticipate more volatility ahead of the weekend. A close above .88 cents is very bullish, the only problem the pair may have is sustainability. Second on the radar is the USD/CAD pair that gave up a lot of ground even after Canadian GDP release was worse than expected, 0% instead of an increase of .4%. We expect a retracement and a continuation favoring the buck. Elsewhere in the news, the US may finally change political direction and hold a rare one-on-one meeting with Iranian diplomats about their nuclear program. As risk aversion remains the main trading theme, breakdown during these talks would result in more funds repatriated back to the US, meaning stronger dollar.

The purpose of this Free Daily Analysis Video is education and not an alert service. During the video our analyst will conduct technical and fundamental analysis and point out levels of support and resistance for the next 12-24 hours that we will be using for the current day. Please keep in mind that trading with leverage is very risky business, so please dont trade any real money until you have established a proven track record of success on a demo account. Trading conditions are always changing so make sure to watch tomorrows video to stay updated.

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Education

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• forex
• fx
• currency
• trading
• currency trading
• forex trading
• investing
• scalping
• position trade
• position
• spot
• euro
• spot euro
• prire
• price of euro