EXNESS - Analytics

EXNESS

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AUDUSD: growth after publication of data on Australia's foreign trade

Buy on a level breakthrough of 0.7326 with 0.7384 target. Stop loss = 0.7276.

Reason for the trading strategy

In January, Australia's trade balance fell from 3.54 billion to 2.94 billion Australian dollars. We can expect an improvement in the country' foreign trade situation and a strengthening of the Aussie in Q1 2016.

 

AUDUSD, Daily

 



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