CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Chart of the day - AUDNZD (04.05.2021)

08:58 4 May 2021

AUDNZD is continuing an upward move launched after a test of the 1.0725 area last week. A mix of support can be found in that area - 200-session moving average, lower limit of the upward channel and 50% retracement of the downward move started in August 2020. The pair has reached the first major resistance - 1.080 area marked with previous price reactions and 61.8% Fibonacci retracement.

Reserve Bank of Australia has left interest rates and other monetary policy settings unchanged during today's meeting. RBA hinted that a decision on the third round of bond purchases will be made during a meeting in July. While the situation on the Australian jobs market is improving quickly, inflation pressures within the Australian economy remain subdued. 

Source: xStation5

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