NJONGO_1

AUDUSD 0.72000 RETEST

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
in my previous analysis of the Aussie Dollar pair I had stated a possibility of a 0.73000 resistance test and this was due to the increase in investors confidence and increase in exchanges.

Mid-Election results and Trade War tensions being called off have seen the recovery of the Dollar brining it closer to 0.72000.


0.73000 has proved to be the new Resistance and 0.72000 the new support which is also 23.6% on the Fibonacci.


this week , the aussie employment change, participation rate and unemployment rate could give investors and outlook on the Aussie pair.


consumer price index releases shall indicate the consumption in the United States of America and the health of the goods and services being exchanged

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