Daily Trading Signals by Exness - AUD/USD

[Exness Support]

AUDUSD: Consolidation in the 0.7618-0.7700 range

AUDUSD
June 1, 2015, 09:19
Sell on a level breakthrough of 0.7618 with 0.7562 target. Stop loss = 0.7668.

Reason for the trading strategy

In May, the AIG business activity index in Australia's manufacturing sector rose from 48 p. to 53.2 p., reaching an 18 -month high. The news is positive for the Aussie. Meanwhile, tomorrow's RBA meeting will limit the growth of the Aussie. Market participants allow for a decline in Australia's key interest rates to 1.75% in the medium term.



AUDUSD, H1

 

[Exness Support]

AUDUSD: under pressure against the background of weak economic statistics for Australi

AUDUSD
June 4, 2015, 09:49
Sell on a level breakthrough of 0.7707 with 0.7598 target. Stop loss = 0.7760.

Reason for the trading strategy

In April, the volume of retail sales in Australia did not change on a monthly basis with an expected growth of 0.4% (m/m). In the same month, Australia's trade balance fell from -1.23 billion to -3.89 billion Australian dollars. The decline of the first indicator signals a weakness in consumer spending, the decline of the second indicator signals a lack of competitiveness of Australian products in the international markets.

AUDUSD, H4

 

[Exness Support]

AUDUSD: consolidation after the publication of China's trade balance

AUDUSD
June 8, 2015, 08:34
Sell on a level breakthrough of 0.7598 with 0.7551 target. Stop loss = 0.7645.

Reason for the trading strategy

In May, China's trade balance increased from 34.13 billion to 59.49 billion dollars. In dollar terms, exports from China decreased by 2.5% (y/y) in May, with a forecast of +5.0% (y/y), imports decreased by 17.6% (y/y), with a forecast of -11% (y/y). The reduced turnover of China's foreign trade is jeopardizing the Chinese authorities' plans in guaranteeing a 7% GDP growth this year. The statistics is likely to put pressure on the commodity currencies.


AUDUSD, H4

 

[Exness Support]

AUDUSD: growth after the publication of labor market data for Australia

AUDUSD
Giu. 11, 2015, 08:30
Buy on a level breakthrough of 0.7775 with 0.7860 target. Stop loss = 0.7725.

Reason for the trading strategy

In May, employment in Australia increased by 42 thousand with a forecast of +12.1 thousand, while the unemployment rate fell from 6.1% to 6.0%. The statistics, which was significantly better than expected, supported the Aussie. At a breakthrough of the 0.7775 level, opening long positions for the AUD/USD pair is worth considering.



AUDUSD, H4

 

[Exness Support]

AUDUSD: growth after the publication of data in Australia's labor market

AUDUSD
Lug. 9, 2015, 09:32
Buy on a level breakthrough of 0.7490 with 0.7595 target. Stop loss = 0.7440.

Reason for the trading strategy

In June, the employment rate in Australia grew by 7.3 thousand with the forecast unchanged, while the unemployment rate rose from 5.9% to 6%, turning out lower that the predicted 6.1%. An improvement in the labor market will support the growth rate of the Australian economy.

AUDUSD, H4

 

[Exness Support]

AUDUSD: growth after the publication of statistics on lending in China

AUDUSD
July 20, 2015, 09:30
Buy on a level breakthrough of 0.7396 with 0.7488 target. Stop loss = 0.7346.

Reason for the trading strategy

In June, the volume of new yuan loans to individuals and businesses rose from 901 billion yuan to 1.279 billion yuan. The monetary stimulus measures, taken by the Chinese regulator, promote the growth of lending in the country. These statistics are positive for commodity currencies.



AUDUSD, H4

 

[Exness Support]

S&P may downgrade Australia's rating

AUDUSD
July 24, 2015, 09:18

Sell on a level breakthrough of 0.7265 with 0.7200 target. Stop loss = 0.7325.

Reason for the trading strategy

In July, the HSBC business activity index in China's manufacturing sector declined from 49.4 p. to 48.2 p. The weakening of the Chinese economy will lead to a reduction in the country's imports consumption and put pressure on the commodity currencies. In addition, the news that the S&P agency may downgrade Australia's rating, if the country does not eliminate their budget imbalances, puts pressure on the Aussie.



AUDUSD, H4

 

[Exness Support]

AUDUSD: under pressure against the background of a decrease in China's business activity

AUDUSD
Aug. 3, 2015, 09:08
Sell on a level breakthrough of 0.7283 with 0.7237 target. Stop loss = 0.7323.

Reason for the trading strategy

In July, the Markit business activity index in China's manufacturing sector fell from 49.4 p. to 47.8 to p. Fears over China's economy are putting pressure on the price of non-ferrous metals and the Aussie.


AUDUSD, H1

 

[Exness Support]

AUDUSD: consolidation higher than the level of 0.7349

AUDUSD
Aug. 5, 2015, 09:45
Buy on a level breakthrough of 0.7375 with 0.7428 target. Stop loss = 0.7325.

Reason for the trading strategy

In July, the business activity indexes in the Australia and China services sectors rose to 54.1 p. and 53.8 p. respectively. Transactions in the services sector form a significant part of these countries' GDP. Upon completion of the adjustment to yesterday's growth, new purchases of the AUD/USD pair are worth considering at the level breakthrough of 0.7375.

AUDUSD, H1

 

[Exness Support]

AUDUSD: adjustment from the level of 0.7417

AUDUSD
Aug. 10, 2015, 09:16
Buy on a level breakthrough of 0.7417 with 0.7484 target. Stop loss = 0.7367.

Reason for the trading strategy

The weak macroeconomic data on China's foreign trade, published last weekend, put pressure on the Aussie. In July, China's imports and exports declined by 8.1% and 8.3% in annual terms respectively. Meanwhile, the July's increase in consumer inflation in China signals a recovery in consumer activity in the country and creates preconditions for the stabilization of China's GDP in Q3 2015.

AUDUSD, H4

 

[Exness Support]

AUDUSD: growth against a background of an increase in inflation pressure in Australia

AUDUSD
Oct. 5, 2015, 09:07
Buy on a level breakthrough of 0.7087 with 0.7200 target. Stop loss = 0.7037.

Reason for the trading strategy

In September, the TD Securities inflation in Australia rose from 1.7% (y/y) to 1.9% (y/y).The rising inflationary pressure reduces the likelihood of reducing the key interest rate in the country on October 6th.

AUDUSD, H4

 

[Exness Support]

AUDUSD: growth against the background of a weak US dollar

AUDUSD
Oct. 12, 2015, 11:22
Buy on a level breakthrough of 0.7367 with 0.7435 target. Stop loss = 0.7317.

Reason for the trading strategy

The key interest rate preserved by the RBA at 2% in October and the soft US Federal Reserve minutes for September provided "double" support for the AUD/USD pair. Over the last month, the yield spread between the 10-year Australian and US government bonds grew by 7 bps up to 0.61%. This factor supports the rally in the pair.


AUDUSD, Daily

 

[Exness Support]

AUDUSD: under pressure against the background of lowering RBA forecasts for inflation and GDP in Australia

AUDUSD
Nov. 6, 2015, 10:05
Sell on a level breakthrough of 0.7124 with 0.7066 target. Stop loss = 0.7174.

Reason for the trading strategy

At the end of 2015, the RBA lowered its GDP forecast from 2.50% to 2.25%, and the inflation forecast was lowered from 2.50% to 1.75%. According to the RBA, low inflation "may provide" space for the rate lowering in case of necessity. We assume that the RBA will lower its key interest rate by 25 bps to 1.75% in Q1 2016.

AUDUSD, H4

 

[Exness Support]

The high-yielding Aussie is in demand

AUDUSD
Nov. 20, 2015, 09:24
Buy on a level breakthrough of 0.7222 with 0.7280 target. Stop loss = 0.7172.

Reason for the trading strategy

According to the Conference Board, the index of leading economic indicators of China increased by 0.6% (m/m) in October. The Chinese CSI300 index reacted to this statistics by declining by around 0.5%. It should be noted that since the August lows it grew by 23.5%. Currently, investors show sympathetic understanding the slowdown in the Chinese economy and rapid increase in the US key interest rates, they take risks, but buy the high-yielding Aussie.https://twitter.com/Exness_Support/status/667645660171124737

AUDUSD, H4