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  1. #1
    Legendry Member milos's Avatar

    AUD/USD put option 3 days expiry !!!

    A break below 0.7525 would trigger a drop to 0.7480 and 0.7455 in extension.

  2. #2
    Legendry Member milos's Avatar
    The Australian dollar fell against the US dollar after the RBA kept interest rates in July to a minimum of 1.75%. Analysts expected to remain unchanged.The Governor of the Bank Glenn Stevens said that the central bank remains ready to take action if needed,prompting speculation that in the near future be a reduction in rates.AUD/USD recorded on the bottom 0.7485 and subsequently consolidated at 0.7497.

    Retail sales in Australia rose in June by 0.2% after rising 0.1% in the previous month. It expected to rise to 0.3%. The trade balance fell in June to minus 2.22 billion dollars from 1.79 billion minus the previous month while the forecasted growth to minus 1.72 billion dollars.

    As long as the resistance at 0.7545 isn’t surpassed the risk of the break below 0.7480 remains high. AUD/USD is under pressure with targets 0.7455 and 0.7420 in extension.

    Supports and resistances levels
    0.7635 resistance
    0.7600 resistance
    0.7545 resistance
    0.7506 last
    0.7480 support
    0.7455 support
    0.7420 support

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