The US
Dollar remains very strong after today’s jobs data out of the United States
showed that the US economy is in good track and the outlook seem rosy. The
Non-Farm Payrolls number came out a lot better than expected, salaries went up,
and the unemployment rate remained at 5.8%. This has put pressure on pairs like
the AUD/USD, which has broken below the 0.8400 level. However, we should pay
attention to a possible pullback to the 0.8400 level, which could act as
resistance and hold the price there. That could present us with an opportunity
to go short.
Great analysis, I will keep it in mind!
ReplyDeleteVery nice article. Thank you.
ReplyDeleteThanks for the analysis.
ReplyDeleteI will keep eye on this pair.
ReplyDeleteVery good analysis, thank you.
ReplyDeletegreat analysis
ReplyDeleteVery useful information! Thanks.
ReplyDelete