EXNESS - Analytics

    EXNESS

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    Real

    AUDUSD: consolidation above the level of 0.7358

    Sell on a level breakthrough of 0.7358 with 0.7298 target. Stop loss = 0.7408.

    Reason for the trading strategy

    The economic statistics for China, published today, did not add any optimism for the commodity asset buyers.  In May, a 6% (y/y) growth in industrial production was recorded in China, with a forecast of 6.1% (y/y), investments in fixed assets grew by 9.6% (y/y), with a forecast of 10.5% (y/y), and in retail sales a 10% (y/y) growth was recorded, with a forecast of 10.1% (y/y).

     

    AUDUSD, H4

     


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