EXNESS - Analytics

EXNESS

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AUDUSD: consolidation higher than the level of 0.7349

Buy on a level breakthrough of 0.7375 with 0.7428 target. Stop loss = 0.7325.

Reason for the trading strategy

In July, the business activity indexes in the Australia and China services sectors rose to 54.1 p. and 53.8 p. respectively. Transactions in the services sector form a significant part of these countries' GDP. Upon completion of the adjustment to yesterday's growth, new purchases of the AUD/USD pair are worth considering at the level breakthrough of 0.7375.

AUDUSD, H1

AUDUSD



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