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20.09.2019 - 14.09.2019

AUD/USD: wave analysis

The pair may fall.

On the daily chart, the third wave of the higher level 3 of (5) forms, within which the wave iii of 3 develops. Now, an upward correction has formed as the wave (ii) of iii, and the development of the wave (iii) of iii has begun. If the assumption is correct, the pair will fall to the levels of 0.6540–0.6418. In this scenario, critical stop loss level is 0.6893.

CAD/CHF: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is above Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from below, current cloud is ascending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (0.7471). The closest resistance level is the lower border of the cloud (0.7522).

AUD/JPY: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (72.74). The closest resistance level is the lower border of the cloud (73.94).

Employment Change. Australia, 03:30 (GMT+2)

The indicator reflects changes in the number of employees in Australia for the specified month. The growth trend indicates strength in the labor market and has a positive impact on consumer spending and, consequently, on economic growth. The data above the forecast strengthen AUD, and the data below the forecast affect the national currency negatively. It is forecasted that the indicator will decrease from 41.1K to 10K employed for August.

GDP. New Zealand, 00:45 (GMT+2)

Gross domestic product is a general indicator of economic activity and a key indicator of the health of an economy. The quarterly dynamics of percent of GDP reflects the growth rate of the economy as a whole. Data above forecasts strengthen NZD, and data below forecasts affect the national currency negatively. It is predicted that the Q2 2019 indicator decrease from 0.6% to 0.4% QoQ and from 2.5% to 2.0% YoY.

Fed Interest Rate Decision and FOMC statement. United States, 20:00 (GMT+2)

Members of the Federal Open Market Committee (FOMC) vote on short-term interest rates. This decision directly affects the national currency, so investors are closely monitoring the voting results. An increase in the rate above the forecast will positively affect the US dollar. On the contrary, a rate below the forecast will become a negative factor for the US currency. The rate is expected to remain unchanged at 2.25%.

FTSE: Ichimoku clouds

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument is trading around upper border of the cloud. The closest support level is the lower border of the cloud (7266.9). The closest resistance level is Tenkan-sen line (7320.5).