EXNESS - Analytics

    EXNESS

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    AUDUSD: consolidation below the 0.7130 level

    Buy on a level breakthrough of 0.7130 with 0.7241 target. Stop loss = 0.6980.

    Reason for the trading strategy

    The AUDUSD pair is moving chaotically, focusing on the fluctuations of the AUDJPY cross-rate and the world's reserve currency. At a level breakthrough of $0.7130, opening long positions in the Aussie should be considered.

    AUDUSD, H1


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