AUDUSD: Analysis Pre AU CPI
Today's focus: AUDUSD
Pattern – Continuation/resistance break
Support – .6566, .6545
Resistance – .6620
Hi, and thanks for checking out today's update.
Today, we have run over the AUDUSD breaking down levels we have seen form and what we are looking for after tomorrow's Australian CPI data. Combined with the USD, there are a few scenarios. We have done our best to break them down and incorporate price levels into those scenarios.
Will we see a new test of support, or will buyers break current short-term resistance?
Australian CPI data is due tomorrow at 11:30 am.
Good trading.
Pattern – Continuation/resistance break
Support – .6566, .6545
Resistance – .6620
Hi, and thanks for checking out today's update.
Today, we have run over the AUDUSD breaking down levels we have seen form and what we are looking for after tomorrow's Australian CPI data. Combined with the USD, there are a few scenarios. We have done our best to break them down and incorporate price levels into those scenarios.
Will we see a new test of support, or will buyers break current short-term resistance?
Australian CPI data is due tomorrow at 11:30 am.
Good trading.
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