EXNESS - Analytics

EXNESS

628.25 3.75/10
71% of positive reviews
Real

AUDUSD: under pressure against the background of lowering RBA forecasts for inflation and GDP in Australia

Sell on a level breakthrough of 0.7124 with 0.7066 target. Stop loss = 0.7174.

Reason for the trading strategy

At the end of 2015, the RBA lowered its GDP forecast from 2.50% to 2.25%, and the inflation forecast was lowered from 2.50% to 1.75%. According to the RBA, low inflation "may provide" space for the rate lowering in case of necessity. We assume that the RBA will lower its key interest rate by 25 bps to 1.75% in Q1 2016.

AUDUSD, H4

AUDUSD



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree