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

• Australian Private Sector Credit: Australian Private Sector Credit for October increased by 0.4% monthly and by 5.3% annualized. Economists predicted an increase of 0.4% monthly and of 5.3% annualized. Forex traders can compare this to Australian Private Sector Credit for September which increased by 0.3% monthly and by 5.4% annualized.
• Australian Private Capital Expenditure: Australian Private Capital Expenditure for the third-quarter increased by 1.0% quarterly. Economists predicted an increase of 1.0% quarterly. Forex traders can compare this to Australian Private Capital Expenditure for the second-quarter which increased by 1.1% quarterly.
• Australian Building Approvals: Australian Building Approvals for October increased by 0.9% monthly and by 18.4% annualized. Economists predicted a decrease of 1.0% monthly and an increase of 14.1% annualized. Forex traders can compare this to Australian Building Approvals for September which increased by 0.6% monthly and which were reported flat at 0.0% annualized.
• Chinese Non-Manufacturing PMI and Chinese Manufacturing PMI: The Chinese Non-Manufacturing PMI for November was reported at 54.8 and the Chinese Manufacturing PMI at 51.8. Forex traders can compare this to the Chinese Non-Manufacturing PMI for October which was reported at 54.3 and to the Chinese Manufacturing PMI which was reported at 51.6.

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

• US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of November 25th are predicted at 240K and US Continuing Claims for the week of November 17th are predicted at 1,899K. Forex traders can compare this to US Initial Jobless Claims for the week of November 17th which were reported at 239K and US Continuing Claims for the week of November 10th which were reported at 1,904K.
• US Personal Income and Personal Spending: US Personal Income for October is predicted to increase by 0.3% monthly and Personal Spending is predicted to increase by 0.3% monthly. Forex traders can compare this to Personal Income for September which increased by 0.4% monthly and to Personal Spending which increased by 1.0% monthly. Real Personal Spending for October is predicted to increase by 0.2% monthly. Forex traders can compare this to Real Personal Spending for September which increased by 0.6% monthly. The PCE Deflator for October is predicted to increase by 0.1% monthly and by 1.5% annualized. Forex traders can compare this to the PCE Deflator for September which increased by 0.4% monthly and by 1.6% annualized. The PCE Core Deflator for October is predicted to increase by 0.2% monthly and by 1.4% annualized. Forex traders can compare this to the PCE Core Deflator for September which increased by 0.1% monthly and by 1.3% annualized.
• US Chicago PMI: The US Chicago PMI for November is predicted at 62.3. Forex traders can compare this to the US Chicago PMI for October which was reported at 66.2.

Should price action for the AUDUSD remain inside the or breakout above the 0.7570 to 0.7600 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.7585
• Take Profit Zone: 0.7850 – 0.7895
• Stop Loss Level: 0.7535

Should price action for the AUDUSD breakdown below 0.7570 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.7545
• Take Profit Zone: 0.7400 – 0.7450
• Stop Loss Level: 0.7600

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