Buy on a level breakthrough of 0.7656 with 0.7765 target. Stop loss = 0.7600.
Reason for the trading strategy
Today at 12.30 GMT, the first estimate for the US GDP for Q1 2016 will be published. If the figure is lower than 0.7% (q/q), the dollar's decline will continue. On a breakthrough of the 0.7656 level, opening long positions in the AUDUSD pair is worth considering.
Reason for the trading strategy
Today at 12.30 GMT, the first estimate for the US GDP for Q1 2016 will be published. If the figure is lower than 0.7% (q/q), the dollar's decline will continue. On a breakthrough of the 0.7656 level, opening long positions in the AUDUSD pair is worth considering.
Exness - AUDUSD: growth before publication of the US GDP
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