Daily Trading Analysis by Exness - AUD/USD

Discussion in 'Forex Signals' started by Exness Support, Jul 29, 2014.

  1. Exness Support

    Exness Support Active Trader

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    Daily Trading Signals by Exness - AUD/USD

    29.07.2014 9:09 AUDUSD
    AUDUSD: pair receives support from S&P agency

    Buy on a level breakthrough of 0.9421 with 0.9495 target. Stop loss = 0.9370.

    Reason for the trading strategy.

    Today, S&P agency confirmed Australia's credit rating at AAA, with a stable outlook. At the moment, the yield spread between 10-year government bonds of Australia and the US is 96 basis points, despite the US being lower on the S&P rating scale: AA+, which makes the nominal yield in investing in Australian bonds higher.

    AUDUSD, H4
    [​IMG]
     
    Last edited: Jul 29, 2014
  2. Exness Support

    Exness Support Active Trader

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    31.07.2014 9:09 AUDUSD
    AUDUSD: under pressure against a background of deterioration of business activity in Australia's construction sector

    Sell on rebound from 0.9330 level with 0.9210 target. Stop loss = 0.9400.

    Reason for the trading strategy.

    The number of approvals issued for new construction in Australia decreased in June by 5.0% (m/m) after an increase of 10.3% (m/m) in May. The data shows a reduction in business activity in the construction sector. In addition, pressure on the Aussie is being placed by a decrease in the index of goods exported to Australia in the Q2 quarter of 2014 by 7.9% (q/q).

    AUDUSD, H4
    [​IMG]
     

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