AUD pairs break daily levels

Highlights:

  • Australian unemployment rate drops to 5.4% beating expectations of 5.5%
  • Employment change lower than expected at 3.7K
AUDCADH4
AUDCAD 4-Hour
  • Initial breakout below the daily level
  • Daily level seems to be holding up as selling pressure persists after the retracement
AUDJPYDaily
AUDJPY 1-Day
  • Yen remains fundamentally stronger against the Australian dollar as this pair threatens to break below the daily range
  • If this level holds up as resistance, further downward pressure can be expected
  • Since I missed the initially short entry, currently monitoring for retracement entry
Advertisements

A Pip For Your Thought?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s