The daily forex analysis on November 30, 2020 will discuss the movement of the Kangaroo currency which is starting to show its strength, the strengthening of the Australian Dollar is supported by various things, including: good data on Chinese manufacturing and the service sector, this is due to high market demand in the country and from outside China. This illustrates that economic recovery in China began to appear after the COVID-19 outbreak hit. Data from China's National Bureau of Statistics reported Manufacturing PMI data rising from 51.4 to 52.1 in November. The release of this data is higher than the prediction that it will only rise to 51.5, which is the fastest expansion rate since 2017.
Forex Daily Analysis Predictions
Today's FOREX prediction on the AUDUSD pair is expected to move downwards, and the recommended OP (Open Position) is
SELL at the level of 0.73800. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.
| Preference |
BEARISH |
| Target Profit 1 |
0,73700 |
| Target Profit 2 |
0,73600 |
| Stop Loss 1 |
0,73850 |
| Stop Loss 2 |
0,73900 |
This the daily analysis of forex on November 30, 2020. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of
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