The currency pair AUD / USD has fulfilled the expected fall. Price entire trading week came down. The trading range was about 224 pips. High mark formed at a maximum - 0.8540, while Low level down to a minimum - 0.8315. Next week is expected to continue selling as a whole. With the opening of the market does not rule out a rollback, said the analysts of the Forex Broker Company Forex Trend.
China may lower the target level of GDP in 2015 to 7%. The party leadership is planning today, December 8, 2014, to hold a meeting, during which will be developed economic plans for 2015. Expected to decrease in GDP forecast for 2015 to 7%. This year, China's GDP will not reach the target level for the first time since 1999. Also, the annual growth of the economy may be a minimum of 24 years old. Sources say that the research institute plans to recommend that the Government review the target level of GDP to 7% in 2015 from 7.5% in this. A sharp slowdown in export growth and a reduction in the volume of imports in November, which was previously known, has raised fears that the country may not achieve its goal of growth this year. Given that the GDP forecast for the next year may be revised downward, economists believe that the Chinese authorities can start aggressive stimulus measures. Meanwhile, it is expected that the inflation target for 2015 will be revised from 3.5% to 3%.
Technical Analysis
AUD / USD is ready to continue falling. Price is trading below the Ichimoku cloud and moving averages EMA (50 and 100), indicating the superiority of the market bears. MACD averages as well as pulses OsMA are below zero and continuing its decline indicate further sales in the medium term.
Four-hour chart confirms the fall. Price is trading below the Ichimoku cloud and moving averages EMA (50 and 100), indicating the superiority of a bear market. MACD averages as well as pulses OsMA are below zero, continuing to fall, confirm the expected sales in the future. Objectives: Sale.
The main news for Monday: the most important economic news expected. Expected to calm market with the continuation of the trend movements, said the experts of Forex Trend (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
