empty
 
 
04.05.2012 05:48 PM
AUD/USD Sell Bellow 1.0200 for May 04, 2012 (Daily Strategy)

This image is no longer relevant

The interest rate cut from the RBA will be released in recent days as the data on the slowdown in the Australian economy that coinsides with a significant drop in an ounce of gold. All these data show a gloomy future for the aussie.

Technically the figures show targets on the daily chart located near 1.00 and 0.9985 levels.

According to the daily fractal table we can see an important fractal 1.0240 locate closely below this level. This fact increases the probability of a fall to parity against the dollar. Therefore, we recommend selling just below the 1.0200 level with targets seen at 0.9985 level of U.S. dollars per Australian dollar.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback