AUDUSD Approaching 240 Min Trendline Just Before NFP
The AUDUSD is approaching this very obvious and significant 240 Minute trend line just before the NFP today. News can always do crazy things with the price and I would never make a prediction based on how I believe the market will interpret the numbers, but it is pretty clear that some good news for the USD will further give this reason to drop from this trend line. Conversely, bad news for the USD may be all that is necessary to push the AUDUSD above this line and start a strong move back toward earlier levels above.