Sell on a level breakthrough of 0.7380 with 0.7330 target. Stop loss = 0.7430.
Reason for the trading strategy
The Australian currency fell sharply after the publication of the quarterly RBA monetary policy statement. It reports a decrease in the inflation forecasts (from 2-3% to 1-2% by the end of 2016 and from 2-3% to 1.5% -2.5% until mid-2018). On the whole, the forecasts for the GDP growth have remained unchanged.
Reason for the trading strategy
The Australian currency fell sharply after the publication of the quarterly RBA monetary policy statement. It reports a decrease in the inflation forecasts (from 2-3% to 1-2% by the end of 2016 and from 2-3% to 1.5% -2.5% until mid-2018). On the whole, the forecasts for the GDP growth have remained unchanged.
Exness - AUDUSD:collapse after publication of RBA quarterly monetary policy statement
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