Tuesday 12 April 2016

AUDUSD. Main event of the week: a report on unemployment rate in Australia to be published on April 14, 04:30 GMT +3

Australia’s economy continues to grow after a difficult past year. Recent economic performance, as well as labor market data look quite promising. Within the last five months, the unemployment rate in Australia has been below the optimal level of 6%, and as long as it remains unchanged it has a positive impact on the Australian dollar:
AUDUSD chart:
Currently, the D1 chart does not show a strong aimed movement of AUDUSD, as confirmed by CCI and the Bollinger Bands. Perhaps, the publication of new economic data will again impulse the price movement.

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