USD Trading Outlook (08-05-2015)

AUD/USD
• Europe sells Oz jobs spike, EUR/AUD lift ~1.4350 weighs, ~0.7955 at NY open
• USD strength emerges after jobless claims, applies more bear pressure
• Steady slide sees pause near 200-HMA, support eventually gives way
• S-T stops run & 0.7890 low made, late USD weakness sees lift ~0.7905
• RBA SMP due, likely dovish, if explicit more cuts due AUD to get hit
• AUD/USD may then test support in 0.7800 area

Back to Currencies Archive

join THOUSANDS OF other people
who trade with easymarkets

Two minutes is all it takes.

You're almost there!

Finish your application and start trading today.

DON'T MISS A TRADING OPPORTUNITY

Two minutes is all it takes.