EXNESS - Analytics

    EXNESS

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    AUDUSD: consolidation in the range of 0.7640-0.7700

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

    Reason for the trading strategy

    In February, new home sales in Australia fell by 5.3% (m/m), the growth rate for January was revised from 3.1% (m/m) to 0.6% (m/m). The statistics did not put any significant pressure on the Aussie. In the short term, it may test the level of $0.77.        

     

    AUDUSD, H1

     


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