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

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