FX:AUDUSD   Australian Dollar/U.S. Dollar
This setup looks attractive nevertheless we must consider recent events such as the rate cut not too long ago, the fall in employment rate, the low inflation and other economic risk. What might give th AUD the power to drive upward in the sort term is the USD perceived weakness and this lovely technical set up. Keep and eye out for the US Retail Sales it could make this trade-setup null.

Event Risk
Thursday, May 12, 2016
07:30 USD Export Price Index (MoM) (Apr) 0.1% 0.0%
07:30 USD Import Price Index (MoM) (Apr) 0.5% 0.2%
07:30 USD Initial Jobless Claims 270K 274K
10:00 USD FOMC Member Mester Speaks
10:45 USD FOMC Member Rosengren Speaks
12:30 USD FOMC Member George Speaks

Friday, May 13, 2016
07:30 USD Core PPI (MoM) (Apr) 0.1% -0.1%
07:30 USD Core Retail Sales (MoM) (Apr) 0.5% 0.2%
07:30 USD PPI (MoM) (Apr) 0.3% -0.1%
07:30 USD Retail Sales (MoM) (Apr) 0.8% -0.4%
09:00 USD Business Inventories (MoM) (Mar) 0.2% -0.1%
09:00 USD Michigan Consumer Expectations (May) 78.1 77.6
09:00 USD Michigan Consumer Sentiment (May) 90.0 89.0

Other Analysis
snapshot

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