SignalSwiss

$AUDUSD: Setup Area in development?

FX_IDC:AUDUSD   AUSTRALIAN DOLLAR / US DOLLAR
528 2 24
Our Analysis:
(Click and Play)

$AUDUSD: ABCD in development?

SignalSuisse
For more updates (weekly, daily and intraday) and 24h/24h support,
visit our Trading Room: http://www.nonsolotrading.com

SignalSwiss TOP
2 years ago
AUD has managed to sail through a 25bp rate cut, a cut to the RBA forecast for both GDP and CPI for 2016 and a set of minutes that confirms a 'soft easing bias. Indeed over that period, the AUD has been able to hit a close to 4 month high. We put that down to a number of factors including market positioning; the bounce in iron ore; lack of guidance from the RBA and the aggressive sell off in Australian yields; the budget being well received by traders and economists.
These are all factors that could continue to support the A$ and it looks like we could remain in a 0.7950 to 0.8200 range for the next week or so. This range may yet extend up to the Jan highs at 0.8295, but beyond that we see increasingly expensive as the terms of trade continues to fall - thus we see AUD rolling over into mid-year and beyond.
Price traded within 100 points of our interim target last week and short term momentum failed. This is worthy of a short term correction but not trend change. Above 0.7788 the uptrend remains in play. Target 0.8250/00”.
+4 Reply
SignalSwiss TOP
2 years ago
UPDATE (Asian Session): H4

snapshot
+2 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out