The AUDUSD had a relatively strong week after initially falling: Forex Trading Forecast Profit
The US dollar has been all over the place during the course of the training week, as we are shopping around in a 300 point range. With both the United States and Canada releasing jobs figures on Friday, it’s very likely that this market will remain neutral until then. If and when the market can break out of this range between 1.32 on the bottom and 1.35 on the time, it should dictate the next swing for the rest of the year.
Ultimately, if we break down below the bottom of the candlestick for the week, that could open up a move down to the 0.65 level, an area that has been important a couple of times.has fallen significantly for the bulk of the week but still remains just above a support level. The 0.93 level seems to be a significant barrier, so as long as we stay above there it’s likely that we could see a potential bounce.
One thing to look at is the size of the massive candlestick from a couple of weeks ago, but it’s also worth noting that the market has not been able to fall since. I think we have a huge fight on our hands.had a positive week, but it’s probably worth noting that it was only 3 true days of trading, and even then, the volume was fairly light. The market finds itself at the 200-Weekly EMA, an area that does attract a certain amount of attention.
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