AUD/USD 400 – 700 pips SELL target

Google+ Pinterest LinkedIn Tumblr +

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).
Share.

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

Comments are closed.

Forex Brokers
  • We believe in what we do

    Since the foundation of the project, we have been trying to turn one Dollar into a Million. Many dollars were lost on the way to the cherished goal. Nobody said it was going to be easy. However, we believe that everything is possible. Each time we lose a Dollar, we start again stronger with more experience and dedication. Today the project is much more than just about a Dollar. Our philosophy is openness and transparency. So apart from trading on Forex, we are creating a variety of useful Tools, sharing our developments, ideas, and experiences with our followers. We are true fans of financial markets and looking forward making trading more understandable and showing that profitable trading is possible.





    Subscribe to our newsletter:


    Please leave this field empty.

  • Latest Tweets

    Next try to make million is on @IC_Markets #metatrader with a classic (not micro) account. Good luck to me.

    Time to go long on #gbp? Now or wait for September. Looks oversold against crosses.

    We still #short in #eurusd , should see at least 1.1050

    Load More…

All information on this page is subject to change. Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Intomillion.com owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.