AUDUSD Has a minor resistance @ 0.72929 intact,
A rebound from 0.67475
might still extend higher.
Yet Bulls are limited below 0.73909
resistance level.
On the downside, break of 0.7025 minor support
Shall turn bias back to the downside
for retesting 0.67475 low.
Overall, larger down trend with a stronger Bears
from 0.81353 is expected to resume
later after consolidation completes,
Till the Employment Change (Jan) &
Unemployment Rate (Jan)
is released in 2hours from now.
I am anticipating a lower reading of the
Employment Change (Jan) and a higher / unchanged reading
for Unemployment Rate (Jan)
so in short am very bearish for this Pair
A rebound from 0.67475
might still extend higher.
Yet Bulls are limited below 0.73909
resistance level.
On the downside, break of 0.7025 minor support
Shall turn bias back to the downside
for retesting 0.67475 low.
Overall, larger down trend with a stronger Bears
from 0.81353 is expected to resume
later after consolidation completes,
Till the Employment Change (Jan) &
Unemployment Rate (Jan)
is released in 2hours from now.
I am anticipating a lower reading of the
Employment Change (Jan) and a higher / unchanged reading
for Unemployment Rate (Jan)
so in short am very bearish for this Pair