AUDUSD Analysis - Must read for aussie traders

CMC Markets

Fundamental - Gold possibly breaking out- above 1350 - Chinese economy, poor data recently already priced in? - Aus Retail sales 1.2% over 0.5% expected - Aus GDP 0.8% vs 0.7% expected q/q - Aus Unemployment steady at 6% - RBA minutes said holding rates steady, no outright jaw boning - NZ just raised rates Technical - Possible reverse head and shoulders - 200 day SMA - not through yet - 21 day SMA - cant hold below it - RSI bullish divergence Watch the full video analysis here:

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