AUDUSD: Consolidation Before NFP
Updated
Hey guys its Friday, the first of the month.
What does that mean ? Its time for NFP in like one and a half hour. Please be aware that my ideas are only my view of things and do not take them for guaranteed. Everyone has its own view on same charts.
So we are looking at the AUDUSD pair and as i posted weeks ago (link below), its on a trend change mode with a consolidation level 1 on the daily timeframe. The strong trend line was broken and for now its holding 0.61 fib line. We keep in mind that NFP is right in front of us, so a prediction would be that news move AUDUSD out of the consolidation up - meaning that USD would weaken during NFP. But please be aware that this is only my view.. Wishing you success and will keep you updated below!
What does that mean ? Its time for NFP in like one and a half hour. Please be aware that my ideas are only my view of things and do not take them for guaranteed. Everyone has its own view on same charts.
So we are looking at the AUDUSD pair and as i posted weeks ago (link below), its on a trend change mode with a consolidation level 1 on the daily timeframe. The strong trend line was broken and for now its holding 0.61 fib line. We keep in mind that NFP is right in front of us, so a prediction would be that news move AUDUSD out of the consolidation up - meaning that USD would weaken during NFP. But please be aware that this is only my view.. Wishing you success and will keep you updated below!
Note
Prediction was right!Trade closed: stop reached
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