AUD/USD - 1h - Long/Call - E 27 Apr 20:00 - T 0.76000

The AUD/USD rate has arrived at the lower boundary of the descending channel, in which it has been ranging for the last 3 months. We expect the rate to show an upward correction to a target rate of 0.76000 for the short term. For the long term we foresee a lot of upward potential, since the AUD can become stronger than the USD, due to surge in demand for commodities like iron ore (Australia having the largest share worldwide).

Asset: AUD/USD 0.08%
Time interval: 1 hour
Position: Long/Call
Expiry: 27 Apr 20:00 (GMT+2)
Target rate: 0.76000

Greetings,

Tradebinaireopties.