The Australia dollar gained, currently trading at 0.9147 up 0.40 percent, after a slew of data that left the general consensus intact of steady monetary policy by the Reserve Bank of Australia this week. After the stock’s strong gains in Novembers investors will focus this week on Government’s jobs report as well as ECB press conference. European, U.K and United States Manufacturing PMI the major news for today.
Trade Idea
AUDUSD
Crucial resistance lies at 0.9170 level , a 4H break above that level could lead price to 0.9280. Immediate support is seen around 0.9115, a break below that level targets 0.9085.
Disclaimer • Risk Warning
This document should not be relied upon as being an impartial or objective assessment of the subject matter and is not deemed to be “investment research” as defined by the applicable law. This document has been issued by TFI FX only for information purposes and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action.
Trade Idea
AUDUSD
Crucial resistance lies at 0.9170 level , a 4H break above that level could lead price to 0.9280. Immediate support is seen around 0.9115, a break below that level targets 0.9085.
Disclaimer • Risk Warning
This document should not be relied upon as being an impartial or objective assessment of the subject matter and is not deemed to be “investment research” as defined by the applicable law. This document has been issued by TFI FX only for information purposes and should not be construed in any circumstances as an offer to sell or solicitation of any offer to buy any financial instrument, nor shall it, or the fact of its distribution, form the basis of, or be relied upon in connection with, any contract relating to such action.