EXNESS - Analytics

    EXNESS

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    AUDUSD: under pressure against the background of a reduction in the Caixin business activity index in China's production sector

    Sell on a level breakthrough of 0.7197 with 0.7108 target. Stop loss = 0.7250.

    Reason for the trading strategy

    The Caixin business activity index in China's manufacturing sector dropped from 48.6 p. to 48.2 p in December. The Aussie had a nervous reaction to the weak macroeconomic statistics for China, Australia's largest trading partner, and declined to the $ 0.7197 level. Meanwhile, the December increase in the official business activity index in China was ignored by market participants.

     

    AUDUSD, H4

     


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