EXNESS - Analytics

    EXNESS

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    AUDUSD: growth after the publication of China's GDP for Q3 2015

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

    Reason for the trading strategy

    The morning statistics on China was mixed, but they supported the high-yielding currencies, the Aussie and the Kiwi. In September, industrial production and investment in fixed capital in China were worse than expected and it was better than expected in the retail sales. In Q3 2015, the annual growth rate of China's GDP decreased from 7% to 6.9%, but was better than the forecast of 6.8%.

    AUDUSD, H4

    AUDUSD


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