EXNESS - Analytics


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    AUDUSD: consolidation in the range of 0.7300-0.7370

    Buy on rebound from 0.7300 level with 0.7370 target. Stop loss = 0.7250. 

    Reason for the trading strategy

    Today Xi Jinping, the Chinese President, said that the objectives for social and economic development would be achieved as planned. In 2016, the Chinese government set the growth standard in the range of 6.5% to 7%. Verbal intervention may support the commodity currencies including the Aussie. This week attention should be paid to the publication of various economic statistics for China.


    AUDUSD, H4


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