Employment (Change) decreased -102.01 % in July 2014 showing a slow recovery in Australia. With contradiction in real estate advises between market is overvalued or it’s the best time to buy a home, Costumers in Australia are finding hard time to take financial decisions and that pushed top banks of the island to upgrade financial planning profession.
All the above make Australia more vulnerable to risks than before. Labour Force July 2014 -0.00 %, Trade Balance advanced +17.62 % showing a strong export from the island, Australia All Ordinaries Index advanced +0.12 % Aug, recent fundamental action might keep AUDUSD bearish.
AUDUSD on daily chart show a bearish pattern forming by moving slowly toward 0.90, and if fundamentals releases kept coming in red, AUDUSD will hesitate to go bullish.
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