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.
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.
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