Wednesday, September 13, 2017

Australian unemployment news expected

After less than an hour from now we have Australian Unemployment news which I will try to predict price action at the time of the news based on the daily closing of the different AUD pairsThe AUDUSD pair closed above the 61.8 Fibonacci level extending between the August 31 low and the September 8 high and the pair's rejection of this level suggests a rebound on the next day, signaling the Australian dollar to rise today and thus positive unemployment newsLooking at the EUR / AUD chart, the daily closing was below the 61.8% Fibonacci level extending between the August 17th low and the August 29th high, suggesting a fall of 61.8%, but this is the fifth day closing the lowest level suggesting That the rebound is only a correction, and that the delay is finally fallingThe Australian dollar also closed the highest level of 61.8% of the Fibonacci levels of the month of August between the bottom and the summit of AugustAustralian Yen The hourly candlestick managed to close the 138.2% high of the quarterly Fibonacci, signaling a third-quarter closing as high as the price was in July and the August drop was just a correction

































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