AUDUSD Weekly Forex Forecast - 18th to 22nd Sept 2017

AUDUSD Weekly Forex Forecast – 18th to 22nd Sept 2017

AUDUSD Weekly Forex Forecast – 18th to 22nd Sept 2017

The AUDUSD finished the last week of trading on an indecisive note. We close slightly below the big psychological number 0.8000 which is indicative of more ranging activity to be expected in the coming week of trading. The stochastic indicator is pointing first for a retest of the last week low 0.7950 level before to see a retest of the upper limit range. However, a break and a daily close below 0.7950 will open up the door for a retest of the 0.7875 support level.

On the upside, the first level of resistance comes in at 0.8065 followed by current 2017 high 0.8125 which can hold the upside and produce a reaction lower. The Australian economic calendar will bring on Tuesday the RBA Meeting’s Minutes which can give traders further insights into the RBA interest rate policy. On Thursday we have the RBA Bulletin report, which can be the catalyst for some volatility.

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AUDUSD Weekly Forex Forecast – 18th to 22nd Sept 2017


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