EXNESS - Analytics

    EXNESS

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    AUDUSD: growth after the publication of the business activity index in China

    Buy on a level breakthrough of 0.7067 with 0.7145 target. Stop loss = 0.7017.

    Reason for the trading strategy

    In September, the business activity index in China's manufacturing sector rose from 49.7 p. to 49.8 p. The statistics reflect a recovery in the economic activity of the second economy largest in the world and supports the commodity currencies. According to the Chinese authorities, this year China's GDP growth rate was 7% in annual terms.

    AUDUSD, H4

    AUDUSD


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