The Aussie is approaching the $0.8 level.

May 15, 2015

Buy on rebound from 0.8000 level with 0.8150 target. Stop loss = 0.7950.

Reason for the trading strategy
The prices of copper exported by Australia continue to grow, supporting the Aussie for the past 4 months. The recent decline of China's interest rate to 5.1% contributes to the growth in demand for commodity assets. With the AUD/USD pair lowering to the 0.8 level, opening long positions should be considered.

AUDUSD, H4

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