EXNESS - Analytics

    EXNESS

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    Real

    The domestic macroeconomic statistics support the Aussie

    Buy on a level breakthrough of 0.7095 with 0.7151 target. Stop loss = 0.7045.

    Reason for the trading strategy

    In February, the Westpac consumer confidence index in Australia rose by 4.2% (m/m), after a 3.5% (m/m) decline in January. In December, new homes sales in Australia rose by 6% (m/m), after a 2.7% (m/m) decline in November. The data are positive for the Aussie. In the short term, the Aussie may test the level of $0.7151. 

    AUDUSD, H1


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