EXNESS - Analytics

    EXNESS

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    AUDUSD: Consolidation in the range of 0.7261-0.7353

    Sell on a level breakthrough of 0.7261 with 0.7200 target. Stop loss = 0.7311.

    Reason for the trading strategy

    In June, the number of permits issued for new construction in Australia fell by 8.2% (m/m) with an expected decline of 0.8% (m/m). The data reflect a downturn in the country's construction sector and put pressure on the Aussie.

    AUDUSD, H1

    AUDUSD


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