EXNESS - Analytics


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    AUDUSD: consolidation in the range of 0.7197-0.7380

    Buy on a level breakthrough of 0.7380 with 0.7480 target. Stop loss = 0.7330.

    Reason for the trading strategy

    The US inflation data for September turned out better than expected, but did not radically change the market participants' forecasts in relation to the beginning of the interest rate tightening cycle in the United States, which will probably be launched no earlier than December 2015. In the next month and a half, a soft monetary policy in the US will boost the high-yielding currencies, including the Aussie.

    AUDUSD, H4


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