Forex Signal (Tue, April 06, 00:30 EST) Australian Interest Rate

This is JCLyons Signals Review with a potentially profitable trading opportunity...

Tuesday, April 06th (00:30 New York Time) AUSTRALIA

We have Australian interest rate statement coming out. It is expected they raise the rates from 4.00 to 4.25%.

I recommend trading AUD/USD for this report.

Please read what this indicator means and how it affects the AUD/USD by going to this link: Australian Interest Rate Statement

The trigger for this indicator is 0.25. If it comes out at 4.00% or lower, AUD/USD will probably go down by 70 pips or more in the first 45 minutes of the report. If they raise the rates to 4.50% (highly unlikely), AUD/USD should go up by at least 70 pips.

I might revise this signal as we get closer to the report. The key here is how many economists expects them to hike the rates and how many expects them to keep the rates at the same level. Those numbers very often change as we get closer to the report. For example, sometimes when there is 40/60% or 50/50% chance for a rate hike or no hike, either signal is tradable.

Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

To read the after-spike retracement strategy for this report click here: Australian Interest Rate Statement (after-spike retracement strategy)

For example: on February 1st, Australian interest rate came out at 3.75, versus an expectation of 4.00. AUD/USD went down by around 130 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts

I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for AUD Interest Rate Statement

I hope you make some money on this report.

JCLyons