Sforex
Long

Aussie next week:

FX:AUDUSD   Australian Dollar/U.S. Dollar
544 2 2
Aussie chose 0.92 as a key support, it bounced back 3 times after test this support, and I think Aussie would hold above this key level at least in thhe medium term.

Next week, the main focus of Aussie will be : RBA interest rate decision , China PMI, Australia GDP.

There are a lot of signals show that Australia economy is gradually stable. Labor market developped largely recent months and benefit to entire economy. While China: main trade partner of Australia, begins to find the light at the end of the tunnel.

However, AUDUSD             also is governed by USD side in the pair, but most US economic data are released on Wednesdayy + Friday while Australia economic data are released on Monday + Tuesday, so I think AUDUSD             would react before US economic data affect on the pair.

I choose 0.9380level : Key intersection I show on the chart.

LONG AUDUSD             to 0.9380

Stop loss should be at 0.9250.

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Triple bottoms form from downtrends I thought. It does have a double top though.
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If resistence breaks, then possible AB = CD up.
Yesterday, Chinese (fairytale) PMI are higher then expected.
Comming week NAB interest rate decision and more data affecting this pair.
All these may be a catalist for a make or break.
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