EXNESS - Analytics

    EXNESS

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    Real

    High commodity prices are keeping the Aussie in the range of 0,7385-0,7485 dollars.

    Buy on rebound from 0.7385 level with 0.7485 target. Stop loss = 0.7335.

    Reason for the trading strategy

    A recovery in prices for Australian export commodities - iron ore, non-ferrous metals, etc. are strengthening the Aussie's position in the international currency market. After an adjusting decline to the level of $ 0.7385, opening long positions in the Australian currency should be considered.

    AUDUSD, Daily


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