Key risks events for the Aussie dollar already happen but could not help AUDUSD break the range to move faster, the Aussie dollar continue its move within the trading range of 0.9210 – 0.9450. When the Australian Job report data was bad, we think that at least AUDUSD will test the lower range of 0.9210 right after that but price just moved down to 0.9240 only and bouced back.
AUDUSD is moving higher to the middle of the range and facing selling pressure around 0.9330 – 0.9370. We expect Aussie dollar will be pushed down from this zone to test 0.9210 soon.
Forex Trading Signal:
We are looking for signals to short Aussie dollar around 0.9330 – 0.9370 zone with target 0.9210.
-0.9500 – 0.9540
-0.9440 – 0.94650
-0.9330 – 0.9370