Buy on a level breakthrough of 0.7445 with 0.7510 target. Stop loss = 0.7395.
Reason for the trading strategy
Some encouraging economic data for China, which knocked down the Aussie sellers' attack, was published last weekend. In April, China's foreign exchange reserves increased by $7.09 billion compared with the previous month. In April, China's foreign trade surplus totaled 45.56 billion dollars with a forecast of 40 billion dollars.
Reason for the trading strategy
Some encouraging economic data for China, which knocked down the Aussie sellers' attack, was published last weekend. In April, China's foreign exchange reserves increased by $7.09 billion compared with the previous month. In April, China's foreign trade surplus totaled 45.56 billion dollars with a forecast of 40 billion dollars.
Exness - AUDUSD: consolidation in the range of 0.7337 - 0.7445
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