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

• Chinese PMI: The Chinese Non-Manufacturing PMI for March was reported at 54.8 and the Chinese Manufacturing PMI at 50.5. Economists predicted a figure of 54.2 and of 49.6 Forex traders can compare this to the Chinese Non-Manufacturing PMI for February which was reported at 54.3 and to the Chinese Manufacturing PMI which was reported at 49.2. The Chinese Composite PMI for March was reported at 54.0. Forex traders can compare this to the Chinese Composite PMI for February which was reported at 52.4.
• Australian AiG Performance of Manufacturing Index: The Australian AiG Performance of Manufacturing Index for March was reported at 51.0. Forex traders can compare this to the Australian AiG Performance of Manufacturing Index for February which was reported at 54.0.
• Australian CBA Manufacturing PMI: The Final Australian CBA Manufacturing PMI for March was reported at 52.0. Forex traders can compare this to the previous Australian CBA Manufacturing PMI for March which was reported at 52.0.
• Australian CoreLogic House Prices: Australian CoreLogic House Prices for March decreased by 0.7% monthly. Forex traders can compare this to Australian CoreLogic House Prices for February which decreased by 0.9% monthly.
• Australian TD Securities Inflation: Australian TD Securities Inflation for March increased by 0.4% monthly and by 2.1% annualized. Forex traders can compare this to Australian TD Securities Inflation for February which increased by 0.1% monthly and by 1.7% annualized.
• Australian NAB Business Conditions and Australian NAB Business Confidence: Australian NAB Business Conditions for March were reported at 7 and Australian NAB Business Confidence at 0. Forex traders can compare this to NAB Business Conditions for February which were reported at 4 and to Australian NAB Business Confidence which was reported at 2.
• Chinese Caixin Manufacturing PMI: The Chinese Caixin Manufacturing PMI for March was reported at 50.8. Economists predicted a figure of 50.0. Forex traders can compare this to the Chinese Caixin Manufacturing PMI for February which was reported at 49.9.
• Australian RBA Commodity Index: The Australian RBA Commodity Index for March increased by 11.0% annualized. Forex traders can compare this to the Australian RBA Commodity Index for February which increased by 9.7% annualized.

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

• US Advanced Retail Sales: US Advanced Retail Sales for February are predicted to increase by 0.3% monthly and Retail Sales Less Autos are predicted to increase by 0.4% monthly. Forex traders can compare this to US Advanced Retail Sales for January which increased by 0.2% monthly and to Retail Sales Less Autos which increased by 0.9% monthly. Retail Sales Less Autos and Gas for February are predicted to increase by 0.4% monthly and Retail Sales Control Group are predicted to increase by 0.4% monthly. Forex traders can compare this to Retail Sales Less Autos and Gas for January which increased by 1.2% monthly and to Retail Sales Control Group which increased by 1.1% monthly.
• US Markit Manufacturing PMI: The Final US Markit Manufacturing PMI for March is predicted at 52.5. Forex traders can compare this to the previous US Markit Manufacturing PMI for March which was reported at 52.5.
• US ISM Manufacturing Index: The US ISM Manufacturing Index for March is predicted at 54.3. Forex traders can compare this to the US ISM Manufacturing Index for February which was reported at 54.2. ISM Prices Paid for March are predicted at 52.5. Forex traders can compare this to ISM Prices Paid for February which were reported at 49.4. ISM Employment for February is predicted at 54.1. Forex traders can compare this to ISM Employment for December which were reported at 52.3.
• US Construction Spending: US Construction Spending for February is predicted to decrease by 0.1% monthly. Forex traders can compare this to US Construction Spending for January which increased by 1.3% monthly.
• US Business Inventories: US Business Inventories for January are predicted to increase by 0.4% monthly. Forex traders can compare this to US Business Inventories for December which increased by 0.6% monthly.

Should price action for the AUDUSD remain inside the or breakout above the 0.7095 to 0.7165 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.7120
• Take Profit Zone: 0.7295 – 0.7395
• Stop Loss Level: 0.7055

Should price action for the AUDUSD breakdown below 0.7095 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.7075
• Take Profit Zone: 0.6980 – 0.7000
• Stop Loss Level: 0.7100

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