The Australian Employment Change release should provide an opportunity to trade the Aussie especially if we were to get our tradable figures. With the market back in full force, any surprises today should end up driving the market.
7:30 pm (NY Time) AU Employment Change Forecast 15.2K Previous 61.6K
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 +40.2 of release, our bias will be to BUY AUD against other currencies; if we get a -9.8K 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 using 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 | January 17, 2018 | Currency Analysis
January 14, 2018 by Leave a Comment