Forex trading signals and analysis for AUDUSD – 29 Aug 2014

Forex trading signals and analysis for AUDUSD – 29 Aug 2014

Analysis:

AUDUSD finally moved up to test 0.9374 zone as expected and closed the day around 0.9350 zone. Currently, Aussie dollar still trading around 0.9350.

0.9374 is a key level to watch, if price break up this level then next target will be 0.9450 zone; if price fail to break this level, it will reverse back down toward 0.92100 again.

US CPI data will be released when US market open today and this is the key risk event to watch. How US dollar move after data released will also affect Aussie dollar.

AUDUSDDaily - 28 Aug 2014-0.9440 – 0.94650

-0.940

-0.9370

Support zone:

-0.9210

 ForexSignals247.

 

Leave a Reply

Your email address will not be published. Required fields are marked *