AUDUSD
Jan. 13, 2016, 09:47
Buy on a level breakthrough of 0.7035 with 0.7092 target. Stop loss = 0.6985.
Reason for the trading strategy
The AUD/USD pair gained support after the publication of strong macroeconomic statistics for China. In December, China's exports rose by 2.3% (y/y), with an expected decline of 4.1% (y/y), while imports fell by 4% (y/y), with an expected decline of 7.9% (y/y).
Jan. 13, 2016, 09:47
Buy on a level breakthrough of 0.7035 with 0.7092 target. Stop loss = 0.6985.
Reason for the trading strategy
The AUD/USD pair gained support after the publication of strong macroeconomic statistics for China. In December, China's exports rose by 2.3% (y/y), with an expected decline of 4.1% (y/y), while imports fell by 4% (y/y), with an expected decline of 7.9% (y/y).
The Aussie is testing the resistance level of $0.7035
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