AmiranAzaladze
Short

Quite interesting technical analysis on AUD - USD

FX:AUDUSD   Australian Dollar / U.S. Dollar
Quite interesting situation on Australian - US dollar currency pier today. Last downtrend channel with T1;T2 trendlines is under pressure to cross T1. Also two important prices for next week, which where formatted during this trading week, resistance level L1 - 0.6809 and support L2 0.6738 . In case if price will cross T1 trendline the target will be L1 resistance. But fundamentally situation is quite complicated, next week is release of non-farm employment change, which will shake markets, also you need to know that Reserve Bank of Australia will publish their derision on Tuesday, we forecast rate cut with 25 basis point, from 1% to 0.75%, third time in this year. So price may drop to 0.6700

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