EXNESS - Analytics

    EXNESS

    628.50 4.00/10
    69% of positive reviews
    Real

    S&P may downgrade Australia's rating

    Sell on a level breakthrough of 0.7265 with 0.7200 target. Stop loss = 0.7325.

    Reason for the trading strategy

    In July, the HSBC business activity index in China's manufacturing sector declined from 49.4 p. to 48.2 p. The weakening of the Chinese economy will lead to a reduction in the country's imports consumption and put pressure on the commodity currencies. In addition, the news that the S&P agency may downgrade Australia's rating, if the country does not eliminate their budget imbalances, puts pressure on the Aussie.

     

    AUDUSD, H4

    AUDUSD


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree