The currency pair AUD / USD has fulfilled the expected correction and almost did not give points for entry. Shopping, daily range was 67 points. High Elevation wherein, rose to a maximum of - 0.8266, while the Low level, can be seen at a minimum - 0.8199. As of today, considering the continuation of the correction. As an alternative, not excluded from the sale price breakdown 0.8196 mark, said the the analysts of the Forex Broker Company Forex Trend.
In December, the US manufacturing PMI fell. In December, the seasonally adjusted preliminary index of manufacturing activity fell to Markit PMI 53.7 vs. 54.8 mark in November, reaching a 11-month low. Production and new orders remained in December in an area of strong growth, but the pace slowed to a 11-month low. In addition, it slowed the creation of new jobs in the manufacturing sector.
During the European session, the US dollar weakened, sending AUD / USD to the north after the publication of favorable statistics from the Euro zone. The pair reached 0.8274 high last Friday and is now trading in the range of 0.8250 / 55, 45 points higher than yesterday's closing level. AUD / USD recovered from the level of 0.8198. During the Asian session, the Aussie hit a new multi-year low against the dollar after China published its preliminary HSBC PMI index in the manufacturing sector, which demonstrated a drop to 49.5 (at least seven months) from 50.0. The pair found the bottom in the 0.8198 mark, and then recovered. Bullish momentum intensified after the breakdown of 0.8235.
Technical Analysis
AUD / USD will continue to be adjusted. Price is trading at the Ichimoku cloud and moving averages EMA (50 and 100), indicating corrective able on the market. MACD average crosses the zero level, indicating a possible change of trend. OsMA pulses are above zero, continuing the growth of talk about buying.
Significant levels:
Buy - 0.8277; 0.8329; Sell - 0.8226; 0.8172. Objectives: a correction. The alternative is possible if the price is broken 0.8196 mark. The goal - 0.8124, said the experts of Forex Trend (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
Important news today, Tuesday:
02:30 - AUD «Minutes of the meeting on monetary policy";
10:30 - EUR «PMI index of manufacturing activity in Germany";
11:00 - GBP «head of the Bank of England Carney speaks";
11:30 - GBP «Consumer Price Index";
12:00 - EUR «The index of economic sentiment in Germany";
15:30 - USD «Building Permit."
