EXNESS - Analytics

    EXNESS

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    AUDUSD: consolidation after the publication of the PMI in the manufacturing sector in Australia

    Buy on a level breakthrough of 0.7739 with 0.7795 target. Stop loss = 0.7690.

    Reason for the trading strategy

    In June, the business activity index in Australia's manufacturing sector fell from 52.3 p. to 44.2 p., while it remained unchanged in China at 50.2 p. After the June decline of the key interest rates in China from 5.10% to 4.85% we can hope for a growth of business activity in the region during the second half of 2015.

     

    AUDUSD, H4

    AUDUSD


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