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AUD/USD Call Signal 18 Dec 2015

Signal details
Entry Price: 
0.7190
Close Price: 
0.7180
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
3.7/5 of 3 ratings

The AUD/USD has been under pressure ever since Wednesday, when the Federal Reserve raised interest rates. However, the fortunes for the currency could actually reverse sharply, due to a number of factors. Friday has seen commodities like gold, silver and copper rally, which is very positive for the Australian currency.

Despite the big rally that the pair managed to pull off in the past couple of hours, we are confident that stronger move is still possible. This is why we are opening a call binary options position around 0.7190 and are looking for the pair to close the New York trading sessions above our entry level, which will result in a hefty profit for our binary option trade to close the week.

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.