1mn with ForexSurvivor


AUDUSD , One Way Ticket

During Asia session, the AUDUSD landed hard @0.9365, which is another add to our current long position that started at 0.9410, as per wire dated Tue, Jul 1, 2014, 12:31 GMT.


Find below a reminder of that wire:

AUDUSD Rate Unchanged,

Steven: “The Reserve Bank of Australia kept its benchmark interest rate steady at 2.5%. The exchange rate remains high by historical standards, particularly given the declines in key commodity prices, and hence is offering less assistance than it might in achieving balanced growth in the economy. “

Steven is not concerned about the high level that has reached 7 months high? Are We waving towards par or back to 0.90? Fundamentally, iron ore has bottomed, commodities expressed goodbye to the lows for now, and most important its AAA rating that hasn’t been weakened on any sort of shakeouts.

Technically, there is a dip before visiting the outskirts of par but for now the attention is surpassing 0.9460, a level that held steady so far this year, to target 0.9506, 0.9530. There is no suggestion for an entry lower than 9415 and cautious if a close below 0.9355 is triggered.


***Rule to Remember: Gaining 20pips out of any free-signal is highly remarkable as such trades are not updated on time or ever.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD stays near 1.0800 after upbeat US data

EUR/USD stays near 1.0800 after upbeat US data

EUR/USD stays under modest bearish pressure and trades near 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.

EUR/USD News

GBP/USD stays in daily range above 1.2600

GBP/USD stays in daily range above 1.2600

GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.

GBP/USD News

Gold pulls away from daily highs, holds above $2,200

Gold pulls away from daily highs, holds above $2,200

Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its bullish momentum.

Gold News

XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC

XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC

XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase. 

Read more

Portfolio rebalancing and reflation trades emerge into Q2

Portfolio rebalancing and reflation trades emerge into Q2

Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.

Read more

Majors

Cryptocurrencies

Signatures