AUDUSD: Completion of Pullback After Major Breakout

While the dollar was still recovering and climbing, Aussie might prove to be stronger as employment data outperformed. It helped boost the already bullish structure of AUDUSD which had previously broken above both major falling channel and 200MA.

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Trading Focus Today (24th December 2019)

Gold has completed over 3 months of consolidation and may enter into a (most likely) bullish trend. There are multiple signs of reversal: Price supported twice at a 4-month demand zone (forming a double bottom) around 1450. Price broke above a 3-month falling trendline. Price broke above a recent range high at 1484.

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