The resistance zone has held so far with 4 hour rejection, we may see a retest of the .7700 level or to the low of the weekly rising channel (see related chart) around .7620
Side Notes: The move also validates the 50 EMA and turned on the 0.5 FIB
NON Farm Payroll data later this week may be a catalyst for major movement so trade with caution. Hawkish Fed sentiment may already be priced in to the USD, so weak data may see the Aussie rise.
General Thoughts only not trade signals or advice.
Side Notes: The move also validates the 50 EMA and turned on the 0.5 FIB
NON Farm Payroll data later this week may be a catalyst for major movement so trade with caution. Hawkish Fed sentiment may already be priced in to the USD, so weak data may see the Aussie rise.
General Thoughts only not trade signals or advice.
Komen:
Tomorrow AUD has news, a speech by the reserve bank governer and GDP figures. A few considerations here. US dollar news is expected to be negative based on econ calendar, further potential cause for a rise off of fundamentals.
