AUDUSD
Looks overshold and taking a long trade... make quick 20-25 pips profit.
- The Australian Dollar fell despite a return to strength for home loans in November
- Investment lending hit a 17-month high
- Aussie banks have raised borrowing rates since then, and the numbers may simply be too historic
- AUD/USD slipped in the wake of these numbers from 0.74802 to 0.74699 just before them.
- It’s not clear that the data should have had this effect, although of course given all of the above perhaps they now just look too historic to the market.
- All said... our indicator suggests that it is oversold and due for reversal.. could be in for quick pips profit.
- On the news front - MI Inflation Expectations: Thursday, 00:00. Analysts use this indicator to help predict actual inflation figures. In November, the indicator improved to 3.4%, up from 3.2% a month earlier. May be a continue upswing?
As usual I'm in for 20-25 pip profit. Ride with me!
Trade closed: target reached:
Target reached and closed.
Made good pips.. hope everyone profited from this trade.
Made good pips.. hope everyone profited from this trade.
