Fundamental
While the long term trend line is actually down for AUDUSD, there seems to be a bounce brewing in the short term which we can trade and profit from. Base on the price actions indicated prices have bounce off at support of 0.9264 and might create a rally short term. Entry price would be at 0.9305.
To read the full trading recommendation, please click this link: http://metisetrade.com/index.php/research
BOE Sees Unemployment Down to 7% by End of 2014
Bank of England governor Mark Carney says the UK recovery has “taken hold” and unemployment will fall sooner than it had forecast.The comments came in the Bank’s latest quarterly inflation report, which raised the forecast for UK economic growth this year and next.
To read the full trading recommendation, please click this link: http://metisetrade.com/index.php/research
To read the full trading recommendation, please click this link: http://metisetrade.com/index.php/research
Technical
AUDUSD Looking to Bounce Back; Stochastics Pointing for a Bounce!
While the long term trend line is actually down for AUDUSD, there seems to be a bounce brewing in the short term which we can trade and profit from. Base on the price actions indicated prices have bounce off at support of 0.9264 and might create a rally short term. Entry price would be at 0.9305.
To read the full trading recommendation, please click this link: http://metisetrade.com/index.php/research
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