Analystics technical AUD-USD 09/05/2016
AUDUSD in this last week experienced a price movement pattern candlestick formation downside channel (Bearish). Where the movement started since Tuesday, 05/03/2016 weakened from 0.7665 level with a week intraday high at 0.7719 level (on the same day 03/05) until closing New York, on Friday (05/06/2016) pm at the 0.7366 level and low level week are in 0.7337 (Friday, 06/05/2016). Range weekly the week yesterday by 382 pips (165 pips higher than its previous weekly range 25/04/16 - 04/29/16 amounted to 217 pips). Fundamentally, the Central Bank of Australia (RBA) for the first time this year to cut its benchmark interest rate to record the position of the lowest interest rates in history. RBA reasoned loosening monetary policy will be able to continue the economic expansion in the country's steady growth. In addition RBA also blamed inflation and currency values are high, so with low interest rates will revive inflation. RBA on Tuesday (3/09) RBA cut the rate by 25 basis points from the benchmark rate before, so the RBA interest rate which came into force on May 4, 2016 of 1.75%. This decision is very surprising global market, due to the previously estimated rate which will be released on that day will remain. As a result, the market immediately remove the aussie dollar in their investment portfolios to respond to the RBA this surprising attitude. Last week released Australian inflation rate during the first quarter in 2016 which experienced deflation the first time in the quarterly period since the global financial crisis. Report from ABS also into consideration the RBA to cut interest rates. Besides inflation, the high value of the Australian currency throughout the year to fear the policy makers of the country. The reason is the sharp rise in the currency of the Australian dollar this year has created a threat in the process of economic growth amid a fragile transition from the expansion of their mines. The decision to bring the RBA cut rates become the world's central bank numbers follow other major central banks outside the United States. Global central banks have responded to the slow growth of the world and the threat of deflation this year by cutting interest rates, adopting negative interest rates or add stimulus. Technically, for the week ahead, weakening AUDUSD may still be continued based on weekly candlestick formation. Nevertheless, you still need to watch the intraday bullish correction might take place in the Daily timeframe. If next week's bullish breakout occurs at the level of 0.7479, the price will likely go back to the level of 0.7542 - 0.7601 - 0.7660. On the contrary, if the breakout of the bearish at 0.7335 level, then it is likely the price will resume its trend level area to the 0.7278 - 0.7224 - 0.7173.Scenario
Recommendation Sell Limit / Sell Stop Entry Point 0.74455( Sell Limit )/ 0.74247( Sell Stop ) Stop Loss 0.74666 ( Sell Limit ) / 0.74455 ( Sell Stop ) Take Profit 0.72280Alternative Scenario
Recommendation Buy Limit / Buy Stop
Entry Point 0.73784( Buy Limit ) / 0.74714( Buy Stop )
Stop Loss 0.73574(Stop Loss Buy Limit) /
0.74503(Stop Loss Buy Stop)
Take Profit 0.73574 (Buy Limit) /
0.75673(Buy Stop)
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