Sell on a level breakthrough of 0.7190 with 0.7100 target. Stop loss = 0.7240.
Reason for the trading strategy
In April the employment level in Australia grew by 10.8 thousand people, while the unemployment rate kept unchanged at 5.7%. The statistics provided little support for the Aussie, allowing it to adjust upwards from the level of $0.7190. In the near future, a breakthrough of this level is likely against the background of the ongoing strengthening of US dollar.
Reason for the trading strategy
In April the employment level in Australia grew by 10.8 thousand people, while the unemployment rate kept unchanged at 5.7%. The statistics provided little support for the Aussie, allowing it to adjust upwards from the level of $0.7190. In the near future, a breakthrough of this level is likely against the background of the ongoing strengthening of US dollar.
Exness - The labor market data for Australia supported the Aussie insignificantly
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