Aud/Usd

[GreenApple]

The spotlight in the Asian morning fell on the sterling , which jumped as much as 0.6 percent against the dollar following a report by the Times of London that May has struck a deal with Brussels on financial services.

[GreenApple]

The greenback got a lift overnight after the ADP national employment report showed that U.S. private sector payrolls increased by the most in eight months in October, confirming that the economy continues to grow at a relatively robust pace..

[GreenApple]

The British pound jumped on Thursday on a report that UK Prime Minister Theresa May has struck a deal with Brussels on financial services, while the dollar held near a 16-month high versus a basket of its key rivals on strong U.S. economic data.

[GreenApple]

The theory goes that the Chinese data misses cemented the market's belief that Xi will bow to Trump with respect to trade takes that may or may not take place at the 26th Nov G20 Summit given how much the Chinese economy is suffering due to the tariffs war.

[GreenApple]

As for the cross, EUR/GBP was ending down -0.73% to 0.8855 within Wednesday's range of between 0.8929-0.8843 as the euro takes a beating and the pound finds Brexit progress demand. USD/JPY was looking good with a bid through the 61.8% fibo in NY when it made a high of 113.39 due to firmer US treasury yields and a strong ADP number that followed the recent consumer confidence 18 year high.

[GreenApple]

GBP/USD rallied from 1.2733 and spiked harder from 1.2756 to 1.2831 on the headlines. However, Raab was reported admitting that there was “no set date for the negotiations to conclude” just three hours after a letter he had sent to a select committee was released in which he said he was happy to appear before it on 21 November after “a deal is finalized”. Cable dropped back to 1.2743 and closed at 1.2767.

[GreenApple]

The pair failed at 1.1347 on the upside and shot down to 1.1305 into the Lonon fix and then drifted lower to 1.1302 before recovering back to 1.1328 for a double top, a drift lower into the NY session close at 1.1316. Cable was picked up a bid on month-end flows and also a headline banded about that a Brexit deal is expected on the 21st Nov quoting Brexit secretary Raab.

[GreenApple]

The euro was also pressured by a slide in the TRY but month-end flows seemed to have triggered stops leading into the London fix which turned up the pressure on euro bulls.

[GreenApple]

A number of factors were supporting the greenback and weigh on the euro. Firstly, the German September sales missed expectations while EZ core HICP above came in as a beat. However, the mixed data still had the DE-US yield spreads widening and the US ADP's upside beat hurt some more.

[m148]

I try to make analysis for audusd pair today.
I see this pair still in strong bullish movement . If this pair can break the 71.51 resistance level, I predict this pair will go up to the next resistance level at 72.01 But if this pair go down and break 71.01 support level, I predict this pair will make some correction to the next support level at around 70.51
Buy signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Buy with stoploss at 71.16 and take profit at 72.01
Don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.