AUD Forecast for Wednesday July 11th

AUD / USD Forecast

[column size=”1-2″ last=”0″ style=”1″] Tonight at 9:00pm EST “MI Inflation Expectations” for the AUD are being released. This is followed by the greater impact news consisting of the “Employment Change” and “Unemployment Rate”. With the employment change there is usually a deviation of 15K-20K making it appealing for some news trading scalpers.

The AUD has further high impact news expected for Monday July 16th as their Monetary Policy Meeting is being held.

The AUD has further high impact news expected for Monday July 16th as their Monetary Policy Meeting is being held.

AUD/USD has had a strong uptrend since June as we can see below.[/column]

[column size=”1-2″ last=”1″ style=”2″] [/column] The soon-upcoming AUD releases as well as the USD news today (from FOMC) and tomorrow (with unemployment claims) will bring some clarity to whether or not this trend will hold up and is safe to ride.

Written By: Tony College

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