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Sforex
Aug 8, 2015 5:44 AM

Aussie: Fundamental changes : Buy in dip Long

Australian Dollar/U.S. DollarFXCM

Description

I don't surprise about the soar of Aussie after payrolls.

The main reason is Fundamental Change: RBA has reason when they abandon dovish side, and set a stage for normalization of rate.

I believe the downside risk is limite, and this is the time for buy Aussie. Target I choose is 0.7575
Comments
LamTran
Can you explain the two blue lines, plz ?
Sforex
Significant support and Resistance
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