EXNESS - Analytics

    EXNESS

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    Real

    The Aussie is testing a multi-month high of $0.7384

    Buy on a level breakthrough of 0.7384 with 0.7500 target. Stop loss = 0.7314.

    Reason for the trading strategy

    Australian retail sales rose by 0.3% (m/m) in January, with a forecast of 0.4% (m/m) and the previous value of 0% (m/m).  The statistics reflect an increase in consumer activity of Australian households and supports the Aussie.

     

    AUDUSD, Daily

     


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