EXNESS - Analytics

EXNESS

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AUDUSD: consolidation below the level of 0.7147

Buy on a level breakthrough of 0.7147 with 0.7200 target. Stop loss = 0.7100.

Reason for the trading strategy

Stabilization in the commodity prices and good economic statistics for China are supporting the commodity currencies. In the morning it became known that the Caixin business activity index in China's manufacturing sector rose from 47.2 p. to 48.3 p. in October.

AUDUSD, H4

AUDUSD



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