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AUD/USD Signal - 22 Jan 2016

Signal details
Entry Price: 
0.7025
Close Price: 
No Trade
Direction: 
High
Expiry Time: 
21:00 GMT
How we trade
5/5 of 2 ratings

The AUD/USD pair is set to rally into the close of the U.S. trading session. The Australian currency has rebounded heavily on renewed risk sentiment in the markets stemming from an increasingly dovish commentary from the European Central Bank yesterday. As a result stocks, commodities and currencies closely linked to commodities are rallying.

Australia is one of the biggest exporters of raw materials in the world with the AUD/USD normally supported by higher commodities prices. Currently the rate of the pair is around 0.7027, which is a fair level in our views to buy daily call binary options into the market close around 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.