The Australian Employment Change release should provide an opportunity to trade if we get our tradable figures. Considering that USD is still under selling pressure, any sell off on the AUD should provide opportunities for a buy on the low type of trade; but if we were to get a positive news, then potentially we could hold on to the trade just a bit longer.
9:30pm (NY Time) AU Employment Change Forecast 19.2K Previous 27.9K
The Trade Plan
We´ll look to trade this using after news retracement trading method, we´ll wait for the market to retrace and stay out of the market during the release time. If we get a +44.2 of release, our bias will be to BUY AUD against other currencies; if we get a -5.8K of release, our bias will be to SELL AUD against stronger currencies. We´ll only enter after we see a decent retracement from the initial spike and if we get those release numbers…
For more information on my trading methods: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: AUDUSD.
AU Employment Change | September 13, 2017 | Currency Analysis
September 10, 2017 by Leave a Comment