AUD/USD Analysis 2015.05.07
Buy on a level breakthrough of 0.8004 with 0.8070 target. Stop loss = 0.7950.
Source: Exness Forex Broker
Reason for the trading strategy
In April, the employment rate in Australia decreased by 2.9 thousand people, while the unemployment rate rose from 6.1% to 6.2%. After a morning test of the $0.7921 mark, the Aussie recovered quickly. The low probability of an imminent tightening of the interest rate policy in the United States will support investors’ interest in higher-yielding currencies. The spread between the key interest rates in Australia and the United States remains in the positive zone, amounting to 1.75%.
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