Daily Forex Chart Analysis – 11/07/2012

By November 7, 2012Analysis

Charts of the Day:

EUR/USD

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

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