Daytrader22
Short

AUD dangerously close to another big dip.

FX:AUDUSD   Australian Dollar/U.S. Dollar
367 4 3
Economic data to be released, in my opinion, will put additional pressure on the AUD currency. We had some positive news come out on 01/06/14 that didn't help the currency punch through the various lines of resistances drawn in blue.

The major events upcoming that more than likely will drive AUD down is (times in GMT             -6.00) US ADP Nonfarm Employment Change @ 07:15, US FOMC Meeting Minutes @ 13:00, and AUD Retail Sales @ 18:30.
ilovetrading
3 years ago
Nice chart, thanks for the input.
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Daytrader22
3 years ago
I'd like to add that with the recent ADP, FMOC and AUD data released today and the price action outcome of AUD; I'm expecting more sideways action with a range of high ~.8950 (maybe .8971) and low of .8850 until Friday's release US Unemployment Rate.
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Daytrader22
3 years ago
Unexpected negative nonfarm payroll figures gives a huge spike to the AUD currency ahead of the FMOC Bullard speech.
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Daytrader22
3 years ago
*FOMC. Remember key trading rule is always have a ear to the news. News can be > than technical analysis in almost any market.
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