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
The Aussie slips to its yearly lows
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