ICmarkets
Short

Aussie technicals going into jobs data...

FX:AUDUSD   Australischer Dollar/U.S. Dollar
For those who follow our analysis on a regular basis you may recall that the team highlighted a potential sell zone between the 0.79 handle and a H4 Quasimodo resistance level at 0.7888. As you can see, the Aussie tested this level and declined over 100 pips amid the first half of Wednesday’s trading on the back of dollar strength. So, well done to any of our readers who took advantage of this!

The move, however, was a short-lived one. After price surpassed the 0.78 handle and tested active bids around H4 demand at 0.7762-0.7779, the market reversed immediate losses and went on to conquer the 0.79 handle into the closing bell.

Although bolstered by the fact that the pair is seen trading from a 2018 yearly opening level on the weekly timeframe at 0.7801, the commodity currency is seen trading within close proximity to a daily resistance area at 0.7986-0.7951.

Potential trading zones:

We really like the look of the 0.7969/0.7947 region on the H4 timeframe marked in green. Comprised of a H4 161.8% Fib ext. point at 0.7969, a H4 trendline resistance taken from the low 0.8004, a H4 50.0% resistance at 0.7947, a H4 mid-level resistance at 0.7950 and the underside of the aforementioned daily resistance area , this barrier is a reasonably attractive sell zone, in our technical view. Therefore, do keep an eyeball on price action around this area today should it come into the spotlight.

Data points to consider: AU . jobs figures at 12.30am; US PPI m/m, Empire state manufacturing index, Philly Fed Manufacturing index and US weekly unemployment claims at 1.30pm; US industrial production m/m and capacity utilization rate at 2.15pm GMT             .
Get real-time trading updates at our official Telegram group : https://t.me/ICMarketsroom
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden