Aussie chose 0.92 as a key support, it bounced back 3 times after test this support, and I think Aussie would hold above this key level at least in thhe medium term.
Next week, the main focus of Aussie will be : RBA interest rate decision , China PMI, Australia GDP.
There are a lot of signals show that Australia economy is gradually stable. Labor market developped largely recent months and benefit to entire economy. While China: main trade partner of Australia, begins to find the light at the end of the tunnel.
However, AUDUSD also is governed by USD side in the pair, but most US economic data are released on Wednesdayy + Friday while Australia economic data are released on Monday + Tuesday, so I think AUDUSD would react before US economic data affect on the pair.
I choose 0.9380level : Key intersection I show on the chart.
LONG AUDUSD to 0.9380
Stop loss should be at 0.9250.
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FXStreet Currencies Forecast Poll Statistics : May 26 to 30,2014 : www.facebook.com/media/set/?set=a.2878...
Next week, the main focus of Aussie will be : RBA interest rate decision , China PMI, Australia GDP.
There are a lot of signals show that Australia economy is gradually stable. Labor market developped largely recent months and benefit to entire economy. While China: main trade partner of Australia, begins to find the light at the end of the tunnel.
However, AUDUSD also is governed by USD side in the pair, but most US economic data are released on Wednesdayy + Friday while Australia economic data are released on Monday + Tuesday, so I think AUDUSD would react before US economic data affect on the pair.
I choose 0.9380level : Key intersection I show on the chart.
LONG AUDUSD to 0.9380
Stop loss should be at 0.9250.
Please like my page : www.facebook.com/sforexsingals
FXStreet Currencies Forecast Poll Statistics : May 26 to 30,2014 : www.facebook.com/media/set/?set=a.2878...