EXNESS - Analytics

    EXNESS

    626.50 4.00/10
    69% of positive reviews
    Real

    China's inflation statistics has supported the Aussie

    Buy on a level breakthrough of 0.7526 with 0.7600 target. Stop loss = 0.7470.

    Reason for the trading strategy

    China's consumer price index rose from 1.8% to 2.3% in February, while the producer price index rose from -5.3% to - 4.9% per annum. The increase in inflationary pressures in the largest Asian economy signals a restoration of business activity in the country and contributes to a growth of the commodity assets.   The recovery of oil prices to their multi-year lows plays quite an important role in this process.          

    AUDUSD, Daily


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