The Australian currency keeps following the negative trend as a result of the market’s contagion by trade wars…
Tag - aud - australian dollar
Expanding bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
Do you want to get clues on the upcoming economic events?
Economic data have a great impact on the markets.
On the daily chart, AUD/USD reached an important support at 78.6% of the long-term wave and 200% target of AB=CD.
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but narrow channel of Tenkan-Kijun.
On Wednesday, the Australian dollar grew reacting to data that disclosed surge in the Australian economy, which speeded up in the second quarter of this year…
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen.
The USD has been trying to recover.
On September 4, the Reserve Bank of Australia will release the interest rate.
Australia is going through a difficult period. The political leadership of the country has changed as Malcolm Turnbull lost the seat of Prime Minister.
Let’s have a look at the economic calendar for the upcoming days.