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I will play this for a long position!!!
BUY 2.000M EUR/AUD @ 1.53998, SL 1.52948 (105 pips),TP 1.55048 (105 pips)
Analysis details:
- Long term charts (weekly, daily and four hours) are indicating strong uptrend.
- Since last week, broad based AUD weakness continues to observed across the board.
- Australia treasurer Joe Hockey said Australia has challenges ahead and faces a growth hole as mining investment drops,
goverment GDP forecasts will not be achieved and that GDP growth is not strong enough to create jobs.
The nation's debt ceiling is set to be scrapped after a deal has been reached between Abbot's goverment and the Greens.
