EXNESS - Analytics

    EXNESS

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    AUDUSD: under pressure after the publication of data on Australia's foreign trade

    Sell on a level breakthrough of 0.7592 with 0.7542 target. Stop loss = 0.7642.

    Reason for the trading strategy

    In May, Australia's trade deficit amounted to 2.75 billion Australian dollars with a forecast of 2.21 billion Australian dollars. The decline in net exports, which are part of the country's GDP, put pressure on the AUD/USD pair. At the level breakthrough of 0.7592, opening short positions in the Aussie should be considered.

     

    AUDUSD, H4

    AUDUSD


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