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AUD/USD Call Signal 11 Nov 2015

Signal details
Entry Price: 
0.7055
Close Price: 
0.7060
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 3 ratings

The AUD/USD has rebounded from one month lows in the aftermath of the big U.S. dollar rally that we have witnessed in recent sessions. Soft Chinese data has triggered a new round of speculation that China will cut interest rates further in the coming weeks.

This is seen as a benefit to the Australian dollar, with the country largely reliant on exports to China to maintain its growth figures. We are looking at 0.7055 as an attractive level to buy daily call binary options on the AUD/USD pair for tonight's expiry at 21:00 GMT.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.