AUDUSD Longterm (D) fundamentals and tech Short

Australian Dollar/U.S. DollarFXCM

Description

⋅ Dec 16, 2013 6:35 PM

Shorting opportunities likely.

USD strength : Debate over budget deal = U.S bill reached already passed in the house (will go through senate nxt week.) Govt shutdown in future unlikely and fed may favor tapering.

AUS Dollar weakening: Reserve Bank of Australia suggested a reach .85 cents... Currently @ .89 cents (news.com.au/finance/markets/rbas-glenn-stevens-wants-australian-dollar-closer-to-85-us-cents/story-e6frfm30-1226782084533_

Will place stops above indicated levels. Lower Lows possible, will hop in on retrace

Comments

kate25

⋅ Dec 16, 2013 10:54 PM

Also heard BOA looking to come to .85 US - nice chart

coopfx

⋅ Dec 18, 2013 12:12 AM

Love it. Thanks