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AUDUSD Update, trading lower ahead of AUD Trade Balance

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    AUDUSD, Daily The AUD is under pressure amid a backdrop of falling equity markets and softer commodity prices and poor Chinese manufacturing PMI numbers, which are alll negative factors for the AUD. The Australian trade balance report is due out tomorrow, a worse than expected trade balance is likely to cause a further selling pressure on the AUD. Technically, the AUDUSD price is in a multi-month trading range; I am seeking a target below the current market prices towards the lower end of the

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