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Analysis and Forecasts

AUD/USD 400 – 700 pips SELL target

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Aussie

Monthly Chart

AUS/USD Monthly Chart

Daily Chart

AUS/USD Daily Chart

Preference:

Short positions below 1.0150 with targets 0.9200 – 0.8850

Period of Time:

1 – 5 Months

Basis:
  • Triple Top breakout on Daily chart
  • The price on Weekly and Daily charts is under EMA 200.
  • Bearish Candle with long body on May/2013 Chart.
  • Expectation of AUD Further monetary policy easing (cash rate reduce).
  • Narrowing of the yield spread between benchmark US and Australian 10-year bond yields. This implies an Aussie-negative realignment of investors’ perceptions of relative returns to be had from holding one currency over the other.
  • Ausie is getting weak versus EUR, GBP, NZD and other currencies.
  • Possible QE3 ending program and USD Federal funds rate increase.
  • Steel and gold prices under pressure.
  • China’s Zero-Growth Economy (main trading partner).
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About Author

Hi, Friend! My name is Gran Layson. I am an experienced currency and stock trader from Europe. If you want something to be done well, do it yourself, therefore often I feel myself as “Swiss Army Knife Man”. I am the Intomillion’s website administrator, developer ... read more

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