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Trade ideas thread - European session 2 May 2023

Get your rate hikes in, while you still can. That is perhaps the warning to major central banks before the Fed potentially announces a pause - not explicitly of course - to its tightening cycle this week. The RBA surprise has lifted the aussie, with AUD/USD running up from 0.6630 to 0.6700 on the day.There is the 200-day moving average coming up at 0.6732 and that is a tempting level to fade the upside spike, though there is the Fed risk to consider in trading this week. EUR/AUD has also dropped... Read More

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Content Topics

Trade

Ideas

Thread

European

Session

2023

Forex

Posted: May 2 2023, 05:35

Author Name: forexlive

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