AUDUSD
Oct. 14, 2015, 09:40
Sell on a level breakthrough of 0.7197 with 0.7100 target. Stop loss = 0.7250.
Reason for the trading strategy
The September inflation data for China reinforced expectations of a further contraction in the second largest economy in the world and put pressure on the commodity currencies. Last month, the annual consumer price inflation in China declined from 2% to 1.6%, while the producer price index declined by 5.9% (y/y).
AUDUSD, H4
Oct. 14, 2015, 09:40
Sell on a level breakthrough of 0.7197 with 0.7100 target. Stop loss = 0.7250.
Reason for the trading strategy
The September inflation data for China reinforced expectations of a further contraction in the second largest economy in the world and put pressure on the commodity currencies. Last month, the annual consumer price inflation in China declined from 2% to 1.6%, while the producer price index declined by 5.9% (y/y).
AUDUSD, H4
AUDUSD: under pressure against the background of lower inflation in China
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