George_ben

AUD/USD may be restricted if stock market needs correction,but..

FX:AUDUSD   Australian Dollar/U.S. Dollar
45 0 0
The currency rebound from the long term downtrend.
From the view of the fundamental that RBA stop cutting the rate( but worrying about high
Aussie may cut the economy growth and uptrend of Stock market lifted up the Aussie
However, with the correction of the stock market may lock the buyers
Sellers are waiting the sell signal and regroup quickly when price break the parallel support line.
Or probably short position can be seen after weakness Australian Unemployment Report on the Thursday on 10 April.
Strong Report may lifted up the Aussie.
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