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Instrument: AUDUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 0.72512 with take profit at 0.72631.
Bearish Preference:
Sell position is envisaged if price trades below 0.72184 with take profit at 0.72069.
Fundamentals:
2:15pm USD ADP Non-Farm Employment Change
8:00pm USD FOMC Meeting Minutes
Comment: The dollar was down on Wednesday morning in Asia. Meanwhile, the U.S. Federal Reserve will release the minutes from its December meeting later in the day, which will be scrutinized for clues for the central bank’s rate hikes timetable.
Analysis: SCRUM Team
