EURUSD +50 Pips : AUDUSD Falls After Key Data
Today we’re looking at Trading Setups in:
AUDUSD (Primary Focus Pair)
EURUSD (Covered In Video)
AUDCHF(Covered In Video)
Yesterday’s Video featured EURUSD as our Primary Focus Pair which gave us an entry and is currently in profit with stops moved to breakeven.
AUD and NZD weakened overnight; this was down to a RBA interest rate decision in which the central bank held interest rates at 4.1% as expected.
USD being a stronger currency helped AUDUSD break down and fall.
AUDUSD has traded down through the key level of support of 0.6400.
The weekly chart shows us that the AUDUSD could trade down to the next level of support which is 0.6300.