Today’s Forex Guide

AUDUSD Broke Ichimoku


Jul.14.2016

G’day, forex mates! Right after Australia's elections AUDUSD broke Ichimoku. There’s a better-than-average chance that Mr. Aussie is gonna get a volatility infusion today too. Here is your economic calendar for today and all you need to know about the AUD as traded versus US dollar.

AUDUSD Broker Ichimoku - Mr. Aussie and Ms. US Dollar cartoon AUDUSD Broker Ichimoku - Mr. Aussie and Ms. US Dollar cartoon

Economic Calendar

Thursday

On the economic calendar on Thursday Australia’s Consumer Inflation Expectation is out at 1 AM GMT and their Unemployment rates at 1:30 AM.

Later during the London session BoE Interest Rate Decision is announced by the Bank of England to further shake up the British Pound.

From the US we have their Initial Jobless Claims released at 12:30 PM GMT.

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Canada will also release their New Housing Price Index at 12:30 PM and the combination could create trading opportunity in the USD/CAD pair.

Friday

On Friday we are expecting China’s GDP at 2 AM GMT followed by Euro zone’s core CPI at 9 AM.

Bank of England (BOE) Governor Mark Carney is to speak at 12 PM GMT and the US CPI as well as their Core Retail Sales is scheduled for 12:30 PM.

Canada’s Manufacturing data is also set to be released at 12:30 PM, making it a volatile hour for major crosses.

The US Industrial Production for June is set at 1:15 PM GMT to end the trading week.

AUDUSD Broke Ichimoku - Technical Analysis

The AUD/USD pair has broken above the Ichimoku cloud and currently testing our pivot level at 0.76 which falls on the 23% Fibonacci retracement level.

Resistance remains at 0.78 while supports are set at 0.7440 and 0.7320 in extension.

AUDUSD Broke Ichimoku AUDUSD Broke Ichimoku - Technical Analysis

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