AUD/USD Forecast November

Australian Dollar is enjoying the report of stable, enthusiastic jobs on high ground and is focusing on the problems of others. The Reserve Bank of India is standing in the coming week. Here is an updated technical analysis for the week's highlights and AUD/USD.

In Australia, less than 32.8K jobs were not benefited in October and unemployment reached 5%. The encouraging figures supported the Australian. In the US, data with little memories on retail sales and inflation was somewhat disappointing. On the other hand, the negotiation between America and China is making some progress and it is positive for A $.

The Australian dollar also benefited from paying attention to break sit, which hurt the pound, influenced the euro and took the safe haven yen, but wasted the Australian. At the end of the week, many Fed officials, such as Clarida, Kaplan and Hanker, expressed concerns about the global economy and there was no crowd to increase interest rates. Faced the US dollar

AUD/USD with support and resistance lines on daily graph

What next with GBP/USD?

GBP/USD Forecast: removed the new week with a week's interval, doing business on high ground. Expectations are increasing for the braxit deal. What level should we look at?

The technical quarantine indicator shows that the cable faces immediate resistance around 1.3050 where we see simple moving averages 200-4h, SMA 100-a-day, and Fibonacci 61.8% a month's convergence.

The next level to watch is 1.3125, which is convergent of Pivot Point One-Day Resistance 3, PP One-Month R1, Bollinger Band 4H-Upper, and PP One-Week R1.

Seeing below, immediate support is at 1.2990, under the round number of 1.3000 only. Cuban includes Fibonacci 38.2% a day, SMA 5-1h, Bollinger band 1 H-Middle, BB 15-Middle, SMA 10-15 m, SMA 50-15 m, and other levels.

The next support line is approximately 1.2915, which is a cluster, which includes Fibonacci 38.2% a week, Fibonacci 38.2% a month and Bollinger band 4 H-Middle.