You can see this post on my site in Persian.
* Basic Information
We all know that Australia is the biggest exporter of iron ore and China is the biggest purchaser of Australian iron ore. The sale of iron ore is so essential to Australia that the autumn in iron costs has had a higher impact on the worth of the Australian greenback than a rise in bond yields.
If China decides to extend its iron purchases from Australia, we should watch for the Australian greenback to understand. But when China decides to chop iron purchases, the Australian greenback will proceed to lose worth.
Australian employment information launched final week confirmed a sharp decline and confirmed that the Australian labor market is performing poorly.
This week at 06:00 Tehran time, the assembly of the Reserve Financial institution of Australia is RBA Minutes. Australian and US bond yields are approaching. The AUD / USD will rise if Australian bond yields outperform the United States.
The AUD / USD is on a downtrend and the value is on the backside of the and near the orange . It may be assumed that the value is shifting in the identical channel
So now we have to have a short-term uptrend after which a downtrend. After that, the value could break its channel upwards.
One other case is the value discount and reaching the BUY ZONE, after which we anticipate a brand new upward pattern.
We anticipate the value to achieve the orange degree of 0.7262 to 0.7246, because the AUD / USD chart reached under the orange degree between 17 and 27 August and has spent most of its time above this degree. To be returned.
You can see this post on my site in Persian