The AUD/USD pair tested our pivot level of 0.7862 last week [Video]
|The AUD/USD pair tested our pivot level of 0.7862 last week, however, on Monday it erased most of the gains, testing below the daily Ichimoku cloud during today’s Asian session. Our support level remains at 0.7747. The RBA Oct. Rate Meeting Minutes were released during the Asian session, along with other low-impact data out of the Land Down Under. During the London session, BOE's Carney and Ramsden speak on a panel at 8:15 AM, and the UK’s Consumer Price Index (SEP) will be released shortly thereafter, at 8:30 AM GMT. Euro-Zone and German ZEW Survey (Economic Sentiment) (OCT) will be up next at 9 AM GMT, and later BOE Governor Carney Testifies to Lawmakers at 10:15 AM. The combination could create volatility across the EUR and GBP crosses. During the New York session, the NAHB Housing Market Index (OCT) will be out at 2 PM GMT which could move the USD crosses. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
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