In turn, the currency pair AUD / USD correction worked, go down to the final of the Asian session. The trading range was about the 125 points based on descent. High Elevation thus was formed at the beginning of the day, up to a maximum of - 0.8746, while the Low level can be seen at a minimum - 0.8621. "During the day the expected low level of breakdown followed by descent," - noted the analysts of the Forex Broker Company Forex Trend.
AUD / USD is trading at 0.8617 down to -1.24% previously noted daily maximum and minimum 0.8730 0.8613. AUD / USD fell as the Forex market believes that the RBA will keep rates low for a long time. CB Head Stevens warned about this, and also reported that the rate of AUD / USD is too high. As a result, the pair fell and now she is testing the 0.8620 level. The pair was aimed at the November lows after the breakdown of the level of 0.87, and even achieving 0.8000 seems quite realistic goal. On the other hand wondering whether the Fed will not start to celebrate the growth of the US dollar as a threat to its competitiveness, as well as to question the appropriateness of the rate increase when other CBA them reduced. Thus, the forecast periods Fed rate hike may be revised, partly limit the drop in the Aussie. Today, November 19, 2014, experts expect the publication of the protocol FOMC, which may contain an allusion to the timing of the first raising.
Technical analysis
Who is the main theme of the Forex market is rather fall JPY, rather than the overall growth of USD. This is a significant change compared with the third quarter, when the USD rose against major currencies. However, this change will not affect the bullish outlook on the US dollar, rather it suggests that the US currency is looking for a new catalyst before continuing growth.
AUD / USD will continue to fall. Price is trading below the Ichimoku cloud and moving averages EMA (50 and 100), indicating the superiority of the bear market. MACD averages as well as impulses OsMA being below zero and continuing to rise, indicate a drop in prices in the long term. "Significant levels: Buy - 0.8697; 0.8778; Sell - 0.8625; 0.8554. Objectives: to break the mark 0.8621, followed by the descent to the target - 0.8554," - said the expert of Forex Trend (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
Important news today, Wednesday:
09:30 - JPY "Press conference of the Bank of Japan";
11:30 - GBP "Minutes of the meeting of the Committee on Monetary Policy";
15:30 - USD "Building Permits";
21:00 - USD "Publication of minutes of meetings of FOMC".
