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    AUDUSD: growth after the publication of statistics on lending in China

    Buy on a level breakthrough of 0.7396 with 0.7488 target. Stop loss = 0.7346.

    Reason for the trading strategy

    In June, the volume of new yuan loans to individuals and businesses rose from 901 billion yuan to 1.279 billion yuan. The monetary stimulus measures, taken by the Chinese regulator, promote the growth of lending in the country. These statistics are positive for commodity currencies.


    AUDUSD, H4


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