The volatility of the forex market is staying at a very low level in many years, with the daily trading range of most of the pairs below 50 with no clear trend.
After making new 9-month high at 0.95, Aussie dollar fell down quickly and hold at key support 0.93200 zone after losing almost 180 pips.
AUDUSD is moving up again, however, whether it can move up further above 0.95 will depend on the coming Australia Employment data.
Although AUDUSD is still in medium term uptrend, however, we think that 0.95 will not be easy to break.
Forex Trading Signal:
We are looking for sell signals if AUDUSD moving up to 0.9450 – 0.95 zone before the Australia Unemployment data.
-0.970 – 0.9750
-0.9580 – 0.9600
-0.9500 – 0.9540
-0.9440 – 0.94650
-0.9380 – 0.940
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