Morning Insights 22nd July

Simon Alagbe


Instrument: AUDUSD

The pair has gained some positive traction in the recent session rebounding because of improvement in the global risk sentiment lending some form of support to the riskier Aussie. 


The presence of a bullish engulfing candle on the hourly timeframe favours the bulls on the pair, with a target at 0.74156 and stop-loss at 0.73385. 


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