EXNESS - Analytics

    EXNESS

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    AUDUSD: growth against the background of the unemployment rate decrease in Australia

    Buy on a level breakthrough of 0.7153 with 0.7222 target. Stop loss = 0.7103.

    Reason for the trading strategy

    After the publication of the October statistics on the labor market in Australia, the likelihood of a reduction in the country's key interest rate in December has dropped dramatically and has supported the Aussie. In the reporting period, the employment rate in Australia increased by 58.6 thousand, with a forecast of 14.8 thousand, while the unemployment rate fell from 6.2% to 5.9%.

    AUDUSD, H4

    AUDUSD


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