AUDUSD:under pressure after the publication of the RBA minutes
AUDUSD
Mag. 19, 2015, 08:38
Sell on a level breakthrough of 0.7955 with 0.7873 target. Stop loss = 0.8010.
Reason for the trading strategy
The RBA meeting minutes noted a need for a rate cut in May against the background of a moderate economic growth and inflation in the country. The RBA has room for taking further action if necessary. Further depreciation of the Australian dollar is both likely and necessary.
AUDUSD, H1
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