EXNESS - Analytics

    EXNESS

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    Real

    The Aussie is approaching the support 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 NAB business confidence index in Australia fell from 5 p. in April to 3 p. in May. The decline indicates an improvement in market conditions in the country, which puts pressure on the Aussie. In the short term, it may enter the range of 0.7298-0.7358.

     

    AUDUSD, H4

     


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