AUD/USD May/2015 forecast

1 Month Chart

• Candlestick
  

-The first day of May/2015 ended with bearish red bar, Will it complete the full pip reversal of 02/02/2015 signal or not in within this month?
-If it goes down, let's see how far it can go. Will it break strong support level ?

• Economy quick review
  

-Aus Economy relies mainly on mining natural resource (iron ore) and export to China. However iron ore price fall in hit to Federal Budget 2015. "It forecasts a deficit this year of $45.9 billion, up $5.5 billion from the December update, and $45.3 billion next year, up $14 billion from December."
-China GDP grow is slowing down - no more high demand.
-Us economy status: Strong
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Low AU$ stimulute the international commerces and alternative market.

Note: This chart is for real time study diary only.