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Message: [QUOTE="FxGrow Support, post: 125222, member: 34135"] [B][SIZE="4"]FxGrow Fundamental Analysis – 03rd April, 2017[/SIZE][/B] [I]By FxGrow Investment Research Desk[/I] [B][SIZE=5]Aussie Slips on Negative Data Ahead of RBA Rate Decision[/SIZE][/B] Australian Dollar opened Asian trading session with negative Retails Sales -0.1% compared to 0.4$ on previous sessions and plunged 49-pips at 0.7591 low. On the other hand, U.S Index shifted the downtrend and instead, a significant recovery +$1.84 since last week and the Index clocked 100.49 today, ahead of local ISM Manufacturing PMI which will either confirm the bullish trend, or the Index will hit a bump. Currently AUD/USD 0.7604, with efforts to withhold the 0.78 level as USD pressures the Aussie. AUD/USD is trading thin today with 49-pips as price action, and it's expected to extend narrow ahead of Australian Trade Balance, followed by RBA's interest decision tomorrow early. Although forecasts highly bet that RBA wont wave the changing card and to leave it at current 1.5%, which leaves traders more anticipated on what will Lowe has to say on behalf of RBA preceded by local Trade balance. Analysts will try to decipher words out of Lowe with hawkish or dovish tone regarding the economic outlook and monetary policy supported by the result of trade balance. [B]Fundamentals:[/B] 1- USD - ISM Manufacturing PMI today at 2:00 PM GMT. 2- AUD - Trade Balance tomorrow at 1:30 AM GMT. 3- AUD - RBA Interest Rate Decision tomorrow at 4:30 AM GMT. 4- AUD- Lowe, Gov of RBA speech tomorrow at 9:15 AM GMT. [B]Technical Overview:[/B] Trend: Bullish Sideways Resistance levels: R1 0.7641, R2 0.7674, R3 0.7719, 0.7764 Support levels : S1 0.7582, S2 0.7540, S3 0.7496, S4 0.7458 Remark : Market to consider AUD/USD bullish despite early losses due to U.S Dollar bullish trend. Trade is poised with expectations of low action as market awaits vital Australian economic news tomorrow, market should kick with high volatility on Australian Trade balance and Lowe speech. A break S1 level signals a beginning of trend reversal and only a close below S2, market to consider the pair bearish. [I][SIZE="1"][B]Note:[/B] This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.[/SIZE][/I] [/QUOTE]

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