FX:AUDUSD   Australian Dollar / U.S. Dollar
157 1 0
- Scenario 1:
- PPI shows the economy is slowing
- This seems likely given the disappointing Chinese data that has been coming out lately
- Would cause a drop to the 1.015-1.017 range

Scenario 2:
- PPI surprises to the upside
- Still capped in the 1.03-1.035 range due to USD strength and bad Chinese data

- Personally, I'm risking 1.03 with 1.015 in sight. It has the highest risk/reward ratio, and I see it as most likely given a variety of economic data out of AUD and CNY             .
Also, if data is disappointing, the decline will likely accelerate due to expectations of a RBA rate cut on May 7th. The market already appears to be pricing in a good probability of this.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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