Trade ideas thread - European session 9 January 2023

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Trade ideas thread - European session 9 January 2023

<p style="" class="text-align-justify">Back the other way we go now for the dollar? Well, the technicals are starting to get interesting with AUD/USD breaking higher with NZD/USD also bouncing strongly from its 200-day moving average again. Meanwhile, EUR/USD is looking to threaten 1.0700 and USD/CAD has also fallen below its own 100-day moving average for the first time since August last year.</p><p style="" class="text-align-justify">So much for that hot start to the new year, eh? Elsewhere, gold is still looking perky as highlighted previously with price now contesting the June high at $1,879. The $1,900 mark will be up next as a target for buyers if that gives way.</p><p style="" class="text-align-justify">Broader market sentiment is looking more positive again and the S&P 500 is also seeking an upside push after a move above its 100-day moving average on Friday. The moves are plentiful to take into consideration for a trade and all of this before we get another round of volatility injection from the US CPI data later this week.</p><p style="" class="text-align-justify">What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.</p>

                This article was written by Justin Low at www.forexlive.com.

Source: Trade ideas thread - European session 9 January 2023

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