EXNESS - Analytics

    EXNESS

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    AUDUSD: consolidation around the level of 0.7071

    Sell on a level breakthrough of 0.7071 with 0.7013 target. Stop loss = 0.7121.

    Reason for the trading strategy

    The previous RBA meeting minutes published today demonstrated the regulator's willingness to reduce the rate if necessary. The regulator believes that the prospects for improving the state of the economy have improved a bit. Meanwhile, the renewed growth of the US dollar could trigger a decline in the Aussie to the level of $0.7013.

    AUDUSD, H4


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