Michael_Harding

Aussie Pairs Expected to Weaken Further

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
Simple observation taking a look at Aussie pairs across the board. Bearish price action is strong to the downside. For that reason, I expect bearish continuation for this upcoming week.

On Wedneday Australia reports Employment Change for March. The forecast is for only 7.2k new jobs. This may cause unexpected price action following the report as there's lots of room for a surprise to the upside seeing the previous month's report at 116.5k new jobs.

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