EXNESS - Analytics

    EXNESS

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    AUDUSD: consolidation in the range of 0.7057-0.7151

    Buy on a level breakthrough of 0.7151 with 0.7241 target. Stop loss = 0.7101.

    Reason for the trading strategy

    An improvement in the situation on the commodity markets and a weakness of the US dollar in the international currency markets support the Aussie. On a breakthrough of the 0.7151 level, opening long positions in the AUDUSD pair is worth considering.

    AUDUSD, H1


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