AUDUSD Weekly Forex Forecast - 8th to 12th Jan 2018

AUDUSD Weekly Forex Forecast – 8th to 12th Jan 2018

Close
Close
Print Friendly, PDF & Email

AUDUSD Weekly Forex Forecast – 8th to 12th Jan 2018

The Aussie has managed to post significant gains and it seems that the biggest market theme in the FX space in the beginning of 2018 is the broad based commodity currencies strength. The AUDUSD looks poised to make a significant break above key resistance level 0.7886. On the downside, the first level of support only comes at 0.7800. Only a break and a daily close below 0.7800 can open the door for more potential downside towards 0.7730 pivot level.

The stochastic indicator is already in extreme territory which suggests that a reset is needed before the next leg up to show up. There is no major risk events scheduled on the Australian economic calendar but we can mention as a proxy risk event the Chinese Trade Balance figures scheduled on Friday. We should expect the Aussie to be more technical driven due to the lack of scheduled news events on the economic calendar.

Previous AUDUSD Weekly Forex Forecast

AUDUSD Weekly Forex Forecast – 8th to 12th Jan 2018


Thank you for your readership. We are truly grateful!

Hope that you like the strategies that we share.
If you like the strategies here, you will absolutely
love our latest strategy...

The MorningPips Trading System

The aim of Morningpips is to finish trading by the morning.
Simple as that... Check it out!




Other Analysis Today
Learn and SHARE the Knowledge!
Click Here to Leave a Comment Below 0 comments

Download Our Sniper Trader Trend Following System

x