AUD/USD: After a an unchanged Unemployment rate, and dismal Non-Farm Payrolls


January 15, 2018 04:33 AM

BEARISH

Daily Trading Range: 47
AUD/USD: After a an unchanged Unemployment rate, and dismal Non-Farm Payrolls numbers, the recent increased importance shed on the stagnant Hourly Wages number did very little for the greenback this past week. The USDOLLAR actually fell in light of the overwhelmingly positive information relased by Canada and Europe's corresponding announcements. As a result, the Dollar only climbed against the CHF and the JPY. At the moment, the technical indicators on the USD are poised for another bullish push, but as long as it remains in a small range, remains untradeable. Traders would should search for a breakout. 

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.8120
Resistance 2: 0.8100
Resistance 1: 0.7880
Current Price 1.0120
Support 1: 0.7500
Support 2: 0.7370
Support 3: 0.7330

Two Hour Chart

Two Hour Chart

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Daily Trading Range: N/A

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