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

• Australian Consumer Inflation Expectations: Australian Consumer Inflation Expectations for September increased by 4.0% annualized. Forex traders can compare this to Australian Consumer Inflation Expectations for August which increased by 4.0% annualized.
• Australian Employment Report: The Australian Employment Change for August was reported at 44.0K. Economists predicted a figure of 18.0K. Forex traders can compare this to the Australian Employment Change for July which was reported at -4.3K. The Unemployment Rate for August was reported at 5.3%. Economists predicted a reading of 5.3%. Forex traders can compare this to the Unemployment Rate for July which was reported at 5.3%. 33.7K Full-Time Positions and 10.2K Part-Time Positions were created in August. Forex traders can compare this to the creation of 20.1K Full-Time Positions and the loss of 24.4K Part-Time Positions which were reported in July. The Labor Force Participation Rate for August was reported at 65.7%. Economists predicted a reading of 65.6%. Forex traders can compare this to the Labor Force Participation Rate for July which was reported at 65.6%.

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

• US CPI and Core CPI: The US CPI for August is predicted to increase by 0.3% monthly and by 2.8% annualized. Forex traders can compare this to the US CPI for July which increased by 0.2% monthly and by 2.9% annualized. The US Core CPI for August is predicted to increase by 0.2% monthly and by 2.4% annualized. Forex traders can compare this to the US Core CPI for July which increased by 0.2% monthly by 2.4% annualized.
• US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of September 8th are predicted at 210K and US Continuing Claims for the week of September 1st are predicted at 1,710K. Forex traders can compare this to US Initial Jobless Claims for the week of September 1st which were reported at 203K and to US Continuing Claims for the week of August 25th which were reported at 1,707K.
• US Monthly Budget Statement: The US Monthly Budget Statement for August is predicted at -$185.0B. Forex traders can compare this to the US Monthly Budget Statement for July which was reported at -$107.7B.

Should price action for the AUDUSD remain inside the or breakout above the 0.7160 to 0.7200 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 0.7180
• Take Profit Zone: 0.7430 – 0.7485
• Stop Loss Level: 0.7080

Should price action for the AUDUSD breakdown below 0.7160 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 0.7145
• Take Profit Zone: 0.6900 – 0.6970
• Stop Loss Level: 0.7200

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