AUD/USD drops to 0.7750, 61% Fib retracement [Video]
|We reached our AUD/USD profit target after the pair confirmed below the daily Ichimoku cloud, dropping to the 61% Fibonacci level of 0.7750. On the economic calendar today, we have economic data from China during the Asian session including the New Yuan Loans (SEP). BOJ Kuroda speaks at Branch Managers' meeting at 12:30 AM GMT, and their Eco Watchers Survey Outlook will be out at 5 AM. Switzerland’s Unemployment Rate (SEP) will be up next at 5:45 AM, followed by German Trade Balance (AUG) at 6 AM. Moreover, during the London session, the UK Manufacturing Production and Trade Balance (AUG) will be out at 8:30 AM. We are expecting a mostly quiet New York session. During the next day’s Asian session, Australia’s Consumer Sentiment Index will be out at 11:30 PM GMT. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.
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