EXNESS - Analytics

EXNESS

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Real

The Aussie is testing the resistance level of 0.7222

Buy on a level breakthrough of 0.7222 with 0.7296 target. Stop loss = 0.7160.

Reason for the trading strategy

In September, Australian retail sales rose by 0.4% (m/m), and the trade deficit decreased from 2.71 billion to 2.32 billion Australian dollars. The growth of consumer spending and the trade balance within the structure of the country's GDP will support the Aussie.

AUDUSD, H4



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