EXNESS - Analytics


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    China scares the Aussie

    Sell on a level breakthrough of 0.7522 with 0.7472 target. Stop loss = 0.7572. 

    Reason for the trading strategy

    The Aussie had a nervous reaction to the slowdown in the annual growth rate in China's industrial production from 5.6% to 5.4% in February. The buyers of the commodity currencies were not pleased by Moody's forecasts, according to which, the pace of China's economic growth will slow down to 6.3% this year, and to 6.1% in 2017. 

    AUDUSD, H1

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