0.95 has officially become a top for AUDUSD, Australian employment and Chinese trade balance data push more pressure on the downside for AUDUSD. The market formed a reversal signal at 0.9450 as expected.
We expect aussie dollar will continue to move lower today with 0.9450 – 0.95 will be the key resistant zone and 0.93 will be the support level.
Forex Trading Signal:
We will look for opportunities to joint the down trend at market price and longer stop or wait for selling signals at early European trading session.
-0.9500 – 0.9540
-0.9440 – 0.94650
-0.9380 – 0.940
-0.930 – 0.9320
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