Hello traders! ‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from FIBO 0.618 level.
Fundamental news: This week on Friday will be released Unemployment Rate on AUD, news with high impact on currency.
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You may find unemployment figures come out on Thursday, not Friday. They drop at 11:30 AEST and you’re right, major volatility will happen in the market
Snick3rSD
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@Aaron684, You are right, I said Friday my time, sorry