Yesterday a lot of economic indicators were released in the US, which showed mixed dynamics, but in general, the reserve currency began to win back lost positions relative to the major currencies.
Today the data on the change in employment in Australia for October was released, as well as a few more macroeconomic indicators, which slightly weakened the Australian dollar.
Since the Australian session is already over, the only driving force for this pair will be the reserve currency, which is now expecting a large amount of data, as well as statements by members of the FOMC. We can assume that these events will have a positive impact on the US dollar rate.
After reviewing the chart, we can track the pair's tendency to decline and, considering all factors, we assume that the pair will continue to move in a downward direction.
We should look for entry points for short positions in the middle channel level and Moving Average (21). Take-profits are recommended to be placed at the lower border of the channel.
