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AUD/USD Call Signal 15 Dec 2015

Signal details
Entry Price: 
0.7170
Close Price: 
0.7196
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
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The AUD/USD has been hammered along with all major peers of the U.S. dollar this New York morning as the Federal Reserve is getting ready to lift rates and economists are pondering how frequent its rate hikes might be. The market has started to price in a rate increase for March, which is boosting the currency.

At the same time, traders in the AUD/USD have already tested the major support figure just below 0.7170, and the pair held. This is why we are holding the opinion that the rate can still go higher by the end of the day. We would be buying call daily binary options at 0.7170 tonight in expectations of a stronger reaction from the level.

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.