Daily Trading Analysis 10.07.2023

Technical & Fundamental analysis

Trading Analysis of USD/CAD USD/CAD sticks to modest intraday gains, lacks follow-through, and remains below 1.3300. Our Analysis: While the price is below 1.3475, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 1.3294 Take Profit 1: 1.3075 Take Profit 2: 1.2900 Alternative scenario: If level 1.3475 is broken-out, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 1.3475 Take Profit 1: 1.3670 Take Profit 2: 1.3800 Learn More Trading Analysis of AUD/USD The AUD/USD pair has found intermediate support near the crucial support of 0.6660 in the Asian session. The Aussie asset is expected to continue its downside journey amid headwinds of a significantly low Consumer Price Index (CPI) in China and expectations that inflation in the United States will remain stubborn. Our Analysis: Provided that the currency pair is below 0.6800, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 0.6649 Take Profit 1: 0.6550 Take Profit 2: 0.6400 Alternative scenario: In case level 0.6800 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 0.6800 Take Profit 1: 0.6900 Take Profit 2: 0.7000 Learn More Fundamental Trading Analysis of Microsoft Investors are currently exhibiting great enthusiasm for Microsoft. Our Analysis: As long as the price is above 323.00, follow the recommendations below: Time frame: D1 Recommendation: long position Entry point: 336.97 Take Profit 1: 350.00 Take Profit 2: 365.00 Alternative scenario: If the level of 323.00 is broken-down, follow the recommendations below: Time frame: D1 Recommendation: short position Entry point: 323.00 Take Profit 1: 312.00 Take Profit 2: 300.00 Learn More Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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