EvanJones

AUDUSD Up to the 61.8% Fib and then resume down

FX:AUDUSD   Australian Dollar / U.S. Dollar
50 0 2
So I'm under the assumption that whilst the US Dollar             takes a breather on poor NFP results and the AUSSIE Dollar is performing well that we might see this pair which as high in between the 0.755-0.76 price area.

Reasons are:
1.) The US Dollar             is weak although the mention of a rate hike this summer has given it a chance for buyers to price that in and therefore I expect it to resume climbing north
2.) The AUD is strong and has had a strong Q1 announced today, but I expect the influence of China's industrial impact to take its toll in Q2
3.) The AUDUSD             is in a downtrend on the weekly/daily

For more info, follow me on here, twitter or at http://www.ejfxtrading.com
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out