Trading Outlook – AUD/USD

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Originally updated: 06:45am

Currency Pair: AUD/USD

Sentiment: Bearish

Market focus:

In today’s trade set up we will be focussing on short term selling opportunities on the AUD/USD.


The USD saw good strength across the board on Friday after a better than expected payrolls number beat all analysts forecasts, seeing U.S companies adding 321,000 jobs in November.

Looking at the market this morning we’ve had the Chinese Trade Balance coming out positive, however Imports have disappointed somewhat, coming in at -6.7% vs Exp 3.8%. This has seen the AUD come under renewed selling pressure breaking below the 0.8300 handle. We will be looking for selling opportunities on the AUD/USD.


I expect this pair to continue its down move during the session, eventually hitting 0.8200. If the market does retrace back up then there is a nice confluence zone of resistance that traders could use as a reference to sell from again.

The confluence zone is at 0.8365-0.8375

Stop loss could be placed at 0.8415

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Source:: Trading Outlook – AUD/USD

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Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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