For AUD/USD, we saw a huge drop in the price following the CPI news yesterday.
Today, it is near a key level of 0.65000 which has been acting as a great level of support. Waiting to see what price does around this area.
US PPI news coming out today so we can expect big moves.
For long positions, waiting for a bounce back. For short positions, wait and see for break and retest of that level.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
Today, it is near a key level of 0.65000 which has been acting as a great level of support. Waiting to see what price does around this area.
US PPI news coming out today so we can expect big moves.
For long positions, waiting for a bounce back. For short positions, wait and see for break and retest of that level.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.