EXNESS - Analytics

    EXNESS

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    AUDUSD: adjustment before the ADP publication on employment in the US private sector

    Buy on a level breakthrough of 0.7700 with 0.7750 target. Stop loss = 0.7650.

    Reason for the trading strategy

    An acceleration of the upward trend of the AUDUSD pair is observed against the background of changing expectations regarding the timing of tightening of the US interest rate politics. We believe that today's statistics on the ADP employment in the US private sector will not put significant pressure on the pair. After an adjustment, it can grow to the level of 0.7750.  

      

    AUDUSD, H4

     


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