First, mark the time of today's important economic data unreleased.(GMT)
12:30 ECB Monetary Policy (EUR);
13:30 Building Permits and Housing Starts \ Philly Fed Manufacturing Index \ Unemployment Claims (US);
21:45 Retail Sales (NZD)
The AUD is seeking the top for 1H time frame. And AUDNZD has formed the "head" of the uptrend and will drop down in the future.
Today's data news is not so important to change this movement.
I think the area of 1.0590 is the resistend line when the downtrend hit it. We will how the prcie performs.
Maybe AUDJPY or the other will follow the change. Wait until it tells.
12:30 ECB Monetary Policy (EUR);
13:30 Building Permits and Housing Starts \ Philly Fed Manufacturing Index \ Unemployment Claims (US);
21:45 Retail Sales (NZD)
The AUD is seeking the top for 1H time frame. And AUDNZD has formed the "head" of the uptrend and will drop down in the future.
Today's data news is not so important to change this movement.
I think the area of 1.0590 is the resistend line when the downtrend hit it. We will how the prcie performs.
Maybe AUDJPY or the other will follow the change. Wait until it tells.