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JinDao_Tai
Mar 14, 2018 7:04 AM

AUDUSD bouyed by positive CNY data Long

Australian Dollar/U.S. DollarFXCM

Description


Tonight we have US retail sales data to be released, with analysts forecasting strong data of 0.3% from last month’s -0.3%. If data comes out as expected or higher, we could see the beginning of some USD strength. However, even with USD strength, I’ll only look for trades with USD strength in USDJPY (bouncing off 106.50) or AUDUSD (buoyed by positive CNY data).

Trade closed: target reached

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