EXNESS - Analytics


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    AUDUSD: consolidation below the 0.7085 level

    Buy on a level breakthrough of 0.7085 with 0.7145 target. Stop loss = 0.7035.

    Reason for the trading strategy

    In August, the Australian retail sales rose by 0.4% (m/m), as expected.
    Thus, after the index declined by 0.1% (m/m) in July, its growth is observed, signaling an increase in consumer activity of Australian households.

    AUDUSD, H4


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