Here are the key factors to keep in mind today for Australian Dollar trades:

• Australian Consumer Inflation Expectations: Australian Consumer Inflation Expectations for April increased by 4.1%. Forex traders can compare this to Australian Consumer Inflation Expectations for March which increased by 4.0%.
• Australian Employment Report: The Australian Employment Change for March was reported at 60.0K. Economists predicted a figure of 20.0K. Forex traders can compare this to the Australian Employment Change for February which was reported at 2.8K. The Unemployment Rate for March was reported at 5.9%. Economists predicted a reading of 5.9%. Forex traders can compare this to the Unemployment Rate for February which was reported at 5.9%. 74.5K Full-Time Positions were created in March and 13.6K Part-Time Positions were lost. Forex traders can compare this to the creation of 38.8K Full-Time Positions and the loss of 35.9K Part-Time Positions which were reported in February. The Labor Force Participation Rate for March was reported at 64.8%. Economists predicted a figure of 64.6%. Forex traders can compare this to the Labor Force Participation Rate for February which was reported at 64.6%.

Here are the key factors to keep in mind today for US Dollar trades:

• US PPI: The US PPI for March is predicted flat at 0.0% monthly and to increase by 2.4% annualized. Forex traders can compare this to the US PPI for February which increased by 0.3% monthly and by 2.2% annualized. The US Core PPI for March is predicted to increase by 0.2% monthly and by 1.8% annualized. Forex traders can compare this to the US Core PPI for February which increased by 0.3% monthly and by 1.5% annualized. The US Core PPI ex Trade for March is predicted to increase by 0.2% monthly and by 1.6% annualized. Forex traders can compare this to the US Core PPI ex Trade for February which increased by 0.3% monthly and by 1.8% annualized.
• US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of April 8th are predicted at 245K and US Continuing Claims for the week of April 1st are predicted at 2,030K. Forex traders can compare this to US Initial Jobless Claims for the week of April 1st which were reported at 234K and US Continuing Claims for the week of March 25th which were reported at 2,028K.
• US Michigan Consumer Confidence: Preliminary US Michigan Consumer Confidence for April is predicted at 96.6. Forex traders can compare this to US Michigan Consumer Confidence for March which was reported at 96.9.

Should price action for the AUDUSD remain inside the or breakout above the 0.7550 to 0.7600 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.7575
• Take Profit Zone: 0.7750 – 0.7800
• Stop Loss Level: 0.7450

Should price action for the AUDUSD breakdown below 0.7550 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.7500
• Take Profit Zone: 0.7300 – 0.7350
• Stop Loss Level: 0.7600

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.