FxWirePro
Long

AUD/USD rallies after positive Federal budget, good to buy at de

FX:AUDUSD   Australian Dollar / U.S. Dollar
198 0 0
Aussie rallied till 0.80093 after there was a positive reaction to Tuesday night's federal budget.

The government forecast that the budget deficit will narrow from 2.6% of GDP in 2014/15 to 0.4% of GDP in 2018/19.
“The Australian dollar             outperformed, which is possibly a result of the fears of a ratings downgrade post the budget being unfounded,” senior currency strategist NBA Emma Lawson said.

Technically AUD/USD             is facing resistance around 0.8025 and any break above will extend gains till 0.8074/0.8115.

The pair is expected to find support at 0.792 and break below could take it to next level of 0.7850.

Indicator (1 Hours chart)

CCI (50) - Buy

CCI (14) – Sell

Ichimoku- neutral

It is good to buy at dips around 0.7950 for the target of 0.8025/0.8074 with stop around 0.7915.



EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out