MD_Iris_Forex

MD_Iris_Forex

The AUD is closely linked to commodity prices (particularly metals and coal). If commodity prices rise, this can support a stronger AUD, and EUR/AUD may continue to decline. Consider selling if the price reacts at resistance zones on the H4 timeframe or shows signs of breaking through key support zones. Stop loss and take profit: Place a stop loss above recent...

MD_Iris_Forex

The NZDUSD pair has just broken out above the "Ascending Channel" pattern, indicating that buyers are attempting to take control of the market. The current setup looks positive and clear; under normal conditions, this would be a good signal to consider. However, with the upcoming U.S. election results, the market is likely to be volatile, and USD may face...