The Next #Risk_Event is Ripe for the Picking! #JOBS Data

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AUDJPY CROSS RATE

Taking a cue from the next risk event on the NFP and Job #'s would dictate the direction of the USD for the fundamental. While an interesting technical configuration of the AUDJPY Cross Rate is carefully being watched for now and being compared with its correlated individual currency majors. 

Although, the Cross rate is indirectly relative to the majors; the influence of the USD's movement affects the currency majors directly and reacts more. Meanwhile, the DXY have regained lost ground and rebounded back above key levels @96.00 basis point to this writing prior to up coming reports.Carefully monitoring their price net changes and range trading per session on a pull back or rebound are as equally important that we have always emphasized. As we can determine the weighted percentage distribution versus the USD ahead of time with a fairly good assumption for each currency pair. This would likewise be the first part of the initial equation to derive its corresponding cross rate value and its projected price level moving forward.

Another Cross rate to look at is the current run of the AUDNZD that has made a tremendous.high @1.1428 in the Asian trading session and is obviously making this run all the way to the bank, so to speak. The fundamental catalyst to provide a lift would then provide a reinforced trend in the making depending on the volume and momentum that would take place. For now these two cross rates are set in place that would align themselves with the current market conditions. Ripe for the picking! Properly Choosing the Appropriate Currency Pairs to Trade

AUDNZD Cross rate as of July 02, 2015 Asian Trading Session