EXNESS - Analytics

    EXNESS

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    AUDUSD: consolidation below the level of 0.72

    Buy on a level breakthrough of 0.7200 with 0.7250 target. Stop loss = 0.7150.

    Reason for the trading strategy

    Today the CSI300 fell by 6.14%, and the Nikkei225 rose by 1.41%. The Aussie ignored the trading results of Asian stock markets and continued consolidating in the range of 0.7144-0.72.  To maintain financial stability this week, the Chinese regulator injected nearly 500 billion yuan (more than 72 billion USD) into the country's financial system as part of reverse repo operations.

    AUDUSD, H1


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