Trader_97

AUSSIE STAYS STRONG AFTER YESTERDAYS UPBEAT DATA

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
13 0 1
AUSSIE CONTINUES TO TRADE ABOVE 0.71 AFTER YESTERDAYS POSITIVE EMPLOYMENT DATA.CURRENTLY LOOMING AROUND 0.7126 . SHORT TERM T.L RESISTANCE FROM OCTOBER 15TH REMAINS INTACT BUT SO DOES THE SUPPORT FROM SEPTEMBER 4TH.IF WE SEE ANOTHER REJECTION AND PULL BACK BELOW 0.7148-52 AREA SUPPORT LEVELS AT 0.7082-64 MAY COME INTO PLAY.HOWEVER IF WE BREAK BELOW THE T.L SUPPORT LOSSES MAY EXTEND FOR THE AUSSIE.ABOVE 0.7152 AUSSIE MAY RISE HIGHER.PRICES TRADING ABOVE THE 50 DAY EMA BUT STILL BELOW THE 100 DAY SMA . MACD CONTINUES TO MOVE BELOW THE ZERO MARK AFTER TODAYS             US RETAIL SALES DATA WE'LL KNOW IF AUSSIE WILL CLOSE THE WEEK WITH THE GAINS OR NOT !
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