AUDUSD
Feb. 8, 2016, 11:15
Buy on a level breakthrough of 0.7151 with 0.7241 target. Stop loss = 0.7101.
Reason for the trading strategy
An improvement in the situation on the commodity markets and a weakness of the US dollar in the international currency markets support the Aussie. On a breakthrough of the 0.7151 level, opening long positions in the AUDUSD pair is worth considering.
AUDUSD, H1
Feb. 8, 2016, 11:15
Buy on a level breakthrough of 0.7151 with 0.7241 target. Stop loss = 0.7101.
Reason for the trading strategy
An improvement in the situation on the commodity markets and a weakness of the US dollar in the international currency markets support the Aussie. On a breakthrough of the 0.7151 level, opening long positions in the AUDUSD pair is worth considering.
AUDUSD, H1
AUDUSD: consolidation in the range of 0.7057-0.7151
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