From everyone here at Currency News Eur chf fundamental analysis forex, we wish you a wonderful Christmas and Happy New Year. Due to the market condition, the next couple of weeks we will not be trading the news. 3 is assigned to each scheduled events based on its importance, market focus, and surprise factor.
For instance, the Non-farm Payroll should have more impact than the New Home Sales figure in the U. AUD has been downward sloping since last week after the break of support 1. 4130 and currently found support at 1. Recently AUD employment change was positive at 13.
7K as well as Unemployment Rate was also decreased to 5. Now let us look at the technical view, the price has bounced off from the support at 1. 3280 and with a bullish engulfing price action, bulls have already shown their presence from the level. Currently the price is expected to rise toward 20 EMA resistance 1. 40 and later at horizontal resistance 1. Currently the bias is bullish and no bearish price action is expected to occur until 20 EMA touched.