EXNESS - Analytics

    EXNESS

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    AUDUSD: under pressure against the background of a reduction in Australia's business confidence index

    Sell on a level breakthrough of 0.7000 with 0.6950 target. Stop loss = 0.7050.

    Reason for the trading strategy

    In January, the NAB business confidence index in Australia fell from 3 p. to 2 p. The data indicate a deteriorating economic situation in the country and put pressure on the Aussie. In addition, the current collapse of the Asian stock markets forces investors to sell the higher-yielding currencies.

    AUDUSD, H1


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