Forex News...Automated Forex Cash...

Hi Traders

I hope that this trading week is going fine for you...

The Australian Dollar (AUD)-weakened in the Asian session following poor consumer sentiment results which saw a drop in confidence by a further -1.3% to a 15-year low, before regaining somewhat in New York following weaker U.S stocks. The AUDUSD traded at a high of 0.9334 and a low of 0.9262 before recovering to 0.9292 at the close of New York. Looking ahead, the Unemployment Rate is due out on Thursday as forecasts predict a rise from 4.0% to 4.1%....

USD/JPY-There is a very distinct bullish channel forming on the 4 hour chart as the pair now made the first breach through the bottom barrier. The breach has been validated by an additional bearish bar, and the momentum now is extremely bearish. The next target price might be 100.50 on the first move.


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