EXNESS - Analytics

    EXNESS

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    AUDUSD: consolidation above the level of 0.7298

    Sell on a level breakthrough of 0.7298 with 0.7200 target. Stop loss = 0.7350.

    Reason for the trading strategy

    Yesterday there was a significant decline in commodity prices, which put pressure on the Aussie. In particular, BRENT crude oil prices fell from $ 46 to $ 44 per barrel. Today after the publication of the inflation statistics for China, the AUDUSD pair is trying to grow, but in the short term it is very likely to decline to the level of 0.72.

     

    AUDUSD, H4

     


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