EXNESS - Analytics

    EXNESS

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    AUDUSD: adjustment from the resistance level of 0.7503

    Buy on a level breakthrough of 0.7503 with 0.7553 target. Stop loss = 0.7453.

    Reason for the trading strategy

    Today there is an adjusting decline in the AUDUSD pair. China's ambiguous inflation statistics exert pressure on it. In May, China's CPI fell from 2.3 (y/y) to 2% (y/y), and the producer price index grew from -3.4% (y/y) to -2.8% (y/y).  As part of an upward trend, the AUDUSD pair should be considered above the level of 0.7503.

     

    AUDUSD, H4


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