Hi Marķa here. Today I am sharing the daily strategy for the AUDUSD hope it will help you.
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Let's have a look at data below:
0.01 InstaForex lot deal = 0.01 USD pip price
0.1 InstaForex lot deal = 0.1 USD pip price
1 InstaForex lot deal = 1 USD pip price
10 InstaForex lot deal = 10 USD pip price
100 InstaForex lot deal = 100 USD pip price
1000 InstaForex lot deal = 1000 USD pip price
More about Instaforex go to http://www.fx-megaforex.com/home1.htm
The technical picture 4 hours, the Australian dollar is showing signs of overbought, so a decline in upward sequence and a daily close below the 1.0800 mark the beginning of a larger bearish trend.
Only a bearish breakdown, bellow of the linea de tendencia will serve as a trigger to take a short position, with an ultimate goal 104,80 U.S. dollars per Australian dollar.
The momentum indicator supports our bearish outlook.
Have a wonderful day!
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