EXNESS - Analytics

EXNESS

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AUDUSD: consolidation in the range of 0.7281-0.7361

Buy on rebound from 0.7281 level with 0.7361 target. Stop loss = 0.7231.

Reason for the trading strategy

Australia's retail sales increased by 0.5% (m/m) in October, with a forecast of 0.4% (m/m). The statistics indicate a growing consumer activity of Australian households at the beginning of Q4 2015. When testing the level of $0.7281, opening long positions in the Aussie should be considered.

AUDUSD, H1

AUDUSD



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