AUD dangerously close to another big dip.
Economic data to be released, in my opinion, will put additional pressure on the AUD currency. We had some positive news come out on 01/06/14 that didn't help the currency punch through the various lines of resistances drawn in blue.
The major events upcoming that more than likely will drive AUD down is (times in GMT -6.00) US ADP Nonfarm Employment Change @ 07:15, US FOMC Meeting Minutes @ 13:00, and AUD Retail Sales @ 18:30.
The major events upcoming that more than likely will drive AUD down is (times in GMT -6.00) US ADP Nonfarm Employment Change @ 07:15, US FOMC Meeting Minutes @ 13:00, and AUD Retail Sales @ 18:30.
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