AUD has Broken Out: Are we Headed Back to 80 cents?
I’ve been speaking a lot about the potential of the Aussie to continue to break down longer term and make it to the sub-75 cent area.It s
Rowan Crosby•Thursday, August 17, 2017•1 min read
I’ve been speaking a lot about the potential of the Aussie to continue to break down longer term and make it to the sub-75 cent area.
It seems to me that the USD has different ideas.
After the release of the FOMC minutes, the AUD/USD was sharply higher and has broken out of the downward channel that had been serving us well and helping us identify a number of great opportunities.
Jobs Data the Key
We have the employment data out of Australia due at 11:30am local time.
That might be the deciding factor the fate of the Aussie for today’s session. Any positive outcome will certainly bring 80 cents back into focus.
A negative result means that we might pull back into the channel.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
Related Articles
Comments
0
0
votes
Article Rating
Subscribe
Login
Please login to comment
0 Comments
Oldest
Newest
Most Voted
Inline Feedbacks
View all comments
Sidebar rates
HFM
Related Posts
Doo Prime
XM
Best Forex Brokers
