EXNESS - Analytics


    634.50 4.00/10
    69% of positive reviews

    AUDUSD: consolidation below the level of 0.7190

    Buy on a level breakthrough of 0.7190 with 0.7250 target. Stop loss = 0.7140.

    Reason for the trading strategy

    The Chinese authorities have set a target for the GDP growth for 2016 at the level of 6.5-7%. They plan to restrict the excess production capacity and will fight against the unprofitable "zombie companies". The restructuring of the Chinese economy seems inevitable to us. Its growth by more than 6.5% will still be significant, supporting the demand in the commodities markets.

    AUDUSD, H1

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree