AUDUSD FUNDAMENTAL AND TECHNICAL IDEA
THE AUSTRALIAN LABOUR MARKET NUMBERS ARE SCHEDULED FOR RELEASE THIS EVENINING AND AUD SOLD OFF HARD AHEAD OF THE RELEASE...
AN ARTICLE ON FXSTREET BY KATHY LIEN READ ....... In fact the Australian and New Zealand dollars were the worst performers on Wednesday. AUD and NZD data were weak with Australian consumer confidence tumbling sharply and house sales in March contracting. Job losses are expected for the first time in 5 months and the unemployment rate is expected to rise to its highest level in nearly 2 years. With that said, the forecast of -30K is not that low because the employment component of manufacturing and service sector PMIs improved in March.
IN ABOUT FOR HOURS TIME THE NUMBERS WILL BE RELEASED AND WE WILL SEE HOW IT PLAYS OUT
TECHNICALLY WE ARE STILL IN A ASCENDING CHANNEL ON THE 4H CHART WHICH JUST SAW A BOUNCE TO THE UPSIDE
ANYTHING CAN STILL HAPPEN FUNDAMENTALLY YET LOOKING FOR LONG IN THE PAIR PENDING THE NEWS REALESE LATTER THIS EVENING TO RETEST THAT PREVIOUSE RESISTANCE LEVEL.......
AN ARTICLE ON FXSTREET BY KATHY LIEN READ ....... In fact the Australian and New Zealand dollars were the worst performers on Wednesday. AUD and NZD data were weak with Australian consumer confidence tumbling sharply and house sales in March contracting. Job losses are expected for the first time in 5 months and the unemployment rate is expected to rise to its highest level in nearly 2 years. With that said, the forecast of -30K is not that low because the employment component of manufacturing and service sector PMIs improved in March.
IN ABOUT FOR HOURS TIME THE NUMBERS WILL BE RELEASED AND WE WILL SEE HOW IT PLAYS OUT
TECHNICALLY WE ARE STILL IN A ASCENDING CHANNEL ON THE 4H CHART WHICH JUST SAW A BOUNCE TO THE UPSIDE
ANYTHING CAN STILL HAPPEN FUNDAMENTALLY YET LOOKING FOR LONG IN THE PAIR PENDING THE NEWS REALESE LATTER THIS EVENING TO RETEST THAT PREVIOUSE RESISTANCE LEVEL.......
Trade closed: stop reached
