The Australian Dollar is still in a strong bullish trend against the US Dollar ignoring US building permits data that show results above market forecasts. Australia will release an employment change data on Thursday at 8:30 (GMT +7). Data on changes in Australian employment are expected to have a high impact on the market, especially after recent times the Australia Central Bank has always linked employment data in the country in its official statement.
Technically, the pair is tring to reach its highest level in May 2015 after failing to move down from the Potential Reversal Zone (PRZ) of the AB=CD Pattern.
Technically, the pair is tring to reach its highest level in May 2015 after failing to move down from the Potential Reversal Zone (PRZ) of the AB=CD Pattern.