Hello traders!
Pay attention to the machinery orders report due to be released an hour from now. If we break above the 124.85 level, look for a move to the upside to the 125.3 level. If we see clear rejection at the 124.85 level look for a move down to the 124.25 level. Any break below 124.25 and we could see further downward pressure.
AUDUSD looks virtually the same. RBA meetings a day from now could give us clearer direction.
Pay attention to the machinery orders report due to be released an hour from now. If we break above the 124.85 level, look for a move to the upside to the 125.3 level. If we see clear rejection at the 124.85 level look for a move down to the 124.25 level. Any break below 124.25 and we could see further downward pressure.
AUDUSD looks virtually the same. RBA meetings a day from now could give us clearer direction.