Thursday 1 October 2015

The AUD/USD Correction Isn’t Over Yet




Although the two impressive shooting stars on the AUD/USD daily filter charts had the expect result and the pair moved to the downside and almost reached the previous low at 0.6908, it appears that the correction is not over yet. As you can see from the screenshot above, the pair formed a doji on the daily filter chart and started climbing. I would not be surprised if it manages to reach the resistance at 0.7218 again. That said, nothing is certain because tomorrow we can expect the USD change in the Non-farm Payrolls and that always provokes great volatility on the market.

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