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AUDUSD: under pressure against the background of a decrease in China's trade balance

Sell on a level breakthrough of 0.7217 with 0.7167 target. Stop loss = 0.7267.

Reason for the trading strategy

Today, most commodity currencies and Asian stock indexes are under pressure after the publication of the November data on China's foreign trade. Last month, China's trade balance fell from 61.64 billion dollars to 54.1 billion dollars, signaling a possible slowdown in the Chinese economy in Q4 2015.



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