AUDUSD
Dec. 24, 2015, 10:28
Buy on a level breakthrough of 0.7276 with 0.7332 target. Stop loss = 0.7226.
Reason for the trading strategy
After the increase in the US key interest rate in December, the exchange rate of the Aussie dropped, but it has now entered the levels observed prior to this meeting. Before Christmas, market participants are beginning to close the dollar deals, which brought them a profit at the expense of the previous rally of the US dollar, and they trying not to open new ones.
AUDUSD, H1
Dec. 24, 2015, 10:28
Buy on a level breakthrough of 0.7276 with 0.7332 target. Stop loss = 0.7226.
Reason for the trading strategy
After the increase in the US key interest rate in December, the exchange rate of the Aussie dropped, but it has now entered the levels observed prior to this meeting. Before Christmas, market participants are beginning to close the dollar deals, which brought them a profit at the expense of the previous rally of the US dollar, and they trying not to open new ones.
AUDUSD, H1
AUDUSD: consolidation below the level of 0.7276
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