EXNESS - Analytics

    EXNESS

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    Real

    The Aussie is testing the resistance level of $0.7035

    Buy on a level breakthrough of 0.7035 with 0.7092 target. Stop loss = 0.6985.

    Reason for the trading strategy

    The AUD/USD pair gained support after the publication of strong macroeconomic statistics for China. In December, China's exports rose by 2.3% (y/y), with an expected decline of 4.1% (y/y), while imports fell by 4% (y/y), with an expected decline of 7.9% (y/y).

    AUDUSD, H4

    AUDUSD


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