[Video] EUR/AUD bearish technical setup ahead of NFP & ISM PMI

EUR/AUD may see further downside to retest its triangle range support below 1.6310 pivotal resistance.

  • Two major key U.S. economic data releases for today; Non-farm payroll data for Oct out later at 1230 GMT follow by the ISM Manufacturing PMI at 1400 GMT that assesses the health of the U.S. manufacturing industry. These are key economic data releases that can trigger volatile movement in the FX market if such data come in either below or above consensus forecasts due to its impact on future Fed monetary policy. 
  • An interesting short to medium-term technical set-up has been detected on the EUR/AUD cross pair ahead of these data releases.

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