JGSmith123

AUDUSD Approaching 240 Min Trendline Just Before NFP

FX:AUDUSD   Australian Dollar / U.S. Dollar
26 0 2
The AUDUSD             is approaching this very obvious and significant 240 Minute trend line just before the NFP today. News can always do crazy things with the price and I would never make a prediction based on how I believe the market will interpret the numbers, but it is pretty clear that some good news for the USD will further give this reason to drop from this trend line . Conversely, bad news for the USD may be all that is necessary to push the AUDUSD             above this line and start a strong move back toward earlier levels above.
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