The currency pair AUD / USD after the market opened the Ichimoku cloud, so it stayed, having undergone correction. The trading range was about 101-th item. In this case, the mark High rose to the maximum - 0.8795 zone going into bulls, while the Low level, reached a minimum - 0.8694. "For today, in the market, it is not included. It is expected short-term price correction," - noted analysts of the Forex Broker Company Forex Trend.
AUD / USD has broken through the 0.8695 level and quickly dropped to 0.8680, reaching the lowest level since last Friday. Then the pair recovered and was able to return to levels above 0.8700. Currently the pair is trading at 0.8705, just below yesterday's closing price. On Monday, the pair retreated from two-week highs. During today's Asian session, the aussie has remained unchanged, despite the publication of the minutes of the RBA.
During the last time, Ozzy everywhere is losing ground against the background of my head RBA Stevens, who said that currency players underestimate the risks of falling Ozzie, and made it clear that the reduction of currency may continue. The index of leading economic indicators from Australia Conference Board (Australia) for September is: index weakened from -0.2% to -0.3%. AUD / USD was slightly above 0.87 against the background of Chinese figures, brought no new protocol RBA and the weakness of the US dollar. EUR / USD and GBP / USD held at 1.2470 marks and 15650 awaiting data ZEW German and British inflation, the key news of the European session.
Technical analysis
AUD / USD is planning to continue the correction. The price is still trading at the Ichimoku cloud and moving average EMA (50 and 100), indicating a state correctional market Forex. MACD averages as well as impulses OsMA are lying near zero indicate a weak market activity and foreshadow its correction in the future. Significant levels: Buy - 0.8778; 0.8855; 0.8911; Sell - 0.8697. House Price Index (China) (October) weakened from -1.3% to -2.6%. "Foreign direct investment (g / g) (China): -1.2% (October) vs. -1.4% Objectives: Correction," - said the expert of Forex Trend (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
Important news, on Tuesday:
02:30 - AUD "Minutes of the meeting on monetary policy";
11:30 - GBP "Consumer Price Index";
12:00 - EUR "The index of economic sentiment in Germany";
15:30 - USD "PPI".
