Charts of the Day:
All information presented is for educational purposes only.
The EUR/USD pair showed a test of of previous support which became resistance. Price has now moved to the next level of support where we look for a test and confirmation of a further move lower.
The AUD/USD pair created a pin bar off longer term resistance. We look for a further move lower.
Upcoming on the Forex Data Calendar (NY time):
07:30PM AUD Employment Change
07:30PM AUD Employment Rate
07:00AM GBP Asset Purchase Facility
07:00AM GBP Official Bank Rate
Tentative GBP MPC Rate Statement
07:45AM EUR Minimum Bid Rate
08:30AM USD Trade Balance
08:30AM USD Unemployment Claims
07:30PM AUD RBA Monetary Policy Statement
08:30PM CNY CPI y/y