AUDUSD
Oct. 12, 2015, 11:22
Buy on a level breakthrough of 0.7367 with 0.7435 target. Stop loss = 0.7317.
Reason for the trading strategy
The key interest rate preserved by the RBA at 2% in October and the soft US Federal Reserve minutes for September provided "double" support for the AUD/USD pair. Over the last month, the yield spread between the 10-year Australian and US government bonds grew by 7 bps up to 0.61%. This factor supports the rally in the pair.
AUDUSD, Daily
Oct. 12, 2015, 11:22
Buy on a level breakthrough of 0.7367 with 0.7435 target. Stop loss = 0.7317.
Reason for the trading strategy
The key interest rate preserved by the RBA at 2% in October and the soft US Federal Reserve minutes for September provided "double" support for the AUD/USD pair. Over the last month, the yield spread between the 10-year Australian and US government bonds grew by 7 bps up to 0.61%. This factor supports the rally in the pair.
AUDUSD, Daily
AUDUSD: growth against the background of a weak US dollar
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