EXNESS - Analytics


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    The Aussie is approaching the support level of $ 0.7045

    Buy on rebound from 0.7045 level with 0.7140 target. Stop loss = 0.6995.

    Reason for the trading strategy

    The business activity index in Australia's and China's business sectors fell to 51.5 p. and 49.4 p. respectively in January. The data indicate a continuing decline in economic activity in the regions and putt pressure on the Aussie. Meanwhile, the liquidity injections of Chinese and Japanese regulators in February will support the risky assets.    

    AUDUSD, H1

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