EXNESS - Analytics

    EXNESS

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    AUDUSD: under pressure against the background of a strengthening US dollar

    Sell on a level breakthrough of 0.7015 with 0.6905 target. Stop loss = 0.7075.

    Reason for the trading strategy

    In November, the Swiss trade balance grew from 3.25 billion to 2.91 billion Australian dollars. Despite the increase in the balance of trade, investors are selling the Aussie. Since December 2015, the prices of commodities exported by Australia have declined significantly, which was also assisted by an increase of 25 bps in the US key interest rates.

     

     

    AUDUSD, Daily


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