AUDUSD
Aug. 31, 2015, 10:36
Sell on a level breakthrough of 0.7040 with 0.6940 target. Stop loss = 0.7090.
Reason for the trading strategy
The sales of new homes in Australia fell by 0.4% (m/m) in July. Concerns about the prospects of economic growth in this country and China in the near future will put pressure on the Aussie.
AUDUSD, H4
Aug. 31, 2015, 10:36
Sell on a level breakthrough of 0.7040 with 0.6940 target. Stop loss = 0.7090.
Reason for the trading strategy
The sales of new homes in Australia fell by 0.4% (m/m) in July. Concerns about the prospects of economic growth in this country and China in the near future will put pressure on the Aussie.
AUDUSD, H4