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  1. #1
    Legendry Member milos's Avatar

    AUD/USD put option 3 days expiry !!!

    Capped by negative trend line with targets  0.7260 and  0.7230 in extension.

  2. #2
    Legendry Member milos's Avatar
    Reserve Bank of Australia kept interest rates at a record low of 2%. It was in line with forecasts of economists.
    Below 0.73 look for further downside with 0.7260 and 0.7230 as targets.

    Supports and resistances levels
    0.7450 resistance
    0.7420 resistance
    0.7390 resistance
    0.7384 Last
    0.7300 support
    0.7260 support
    0.7230 support

  3. #3
    Veteran Member randy1953's Avatar
    Ahh no wonder I trade that earlier and was wondering why it dumped like crazy lol

  4. #4
    Veteran Member randy1953's Avatar
    Ahh no wonder I trade that earlier and was wondering why it dumped like crazy lol
    Actually I was trading the EUR/AUD talk about landslides if I was in the Forex game a whole lot of pips were available.

  5. #5
    Legendry Member milos's Avatar
    The AIG index improved in June with a reading of 51.2 points it indicates slight expansion. This was the index’s best showing in three months. It rose to 54.1 points from 51.2 points.

    Employment Change is one of the most important economic indicators. Worse than expected/ better than expected reading can have a strong impact on the movement of AUD/USD. The indicator jumped to 7.300 persons in June crushing the estimate of -2.100.The markets expected another jump in the July report. It is expected 12500 persons now.

    The unemployment rate is expected to rise to 6.1% from 6.0% in the previous month.

    A support base at 0.7345 has formed and has allowed for a temporary stabilization.Below 0.7345 look for further downside with 0.73 and 0.7260 as targets.It is needed to watch now.The pair has broken 0.7345 now.

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