Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades mostly the Asian Market.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

 

Overview

Today’s weaker Aussie Unemployment Rate 5.2% is going to put the RBA under huge pressure to cut rates again. They highlighted the labor market as the main focus in their recent most recent Statement. The market is already starting to price in a rate cut for July.

Current Technicals: Down

Daily Support: 0.6880

AUDUSD FULL TIMEZONE CHARTS- Current Price 0.6910

Current Fundamentals: Down

Central Bank Sentiment: Down

Geopolitical Impact: Down

Upcoming Potential Fundamental Drivers

Trade Execution

Our Preference

Short positions below 0.6950 and adding to the position as it breaks 0.6880.

Alternative Scenario

Above 0.6935 we should see a quick stop loss run towards 0.7000 but that will be very short-lived.

Execution Software

If trading the technical levels: Trendline Trader.

If trading live: T-Rex Live Trader or Guerrilla Trader

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