EXNESS - Analytics

EXNESS

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Real

AUDUSD: adjustment from the level of 0.7417

Buy on a level breakthrough of 0.7417 with 0.7484 target. Stop loss = 0.7367.

Reason for the trading strategy

The weak macroeconomic data on China's foreign trade, published last weekend, put pressure on the Aussie. In July, China's imports and exports declined by 8.1% and 8.3% in annual terms respectively. Meanwhile, the July's increase in consumer inflation in China signals a recovery in consumer activity in the country and creates preconditions for the stabilization of China's GDP in Q3 2015.

AUDUSD, H4

AUDUSD



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