Sell on a level breakthrough of 0.7382 with 0.7322 target. Stop loss = 0.7432.
Reason for the trading strategy
In May, new homes sales in Australia declined by 4.4% (m/m), after a 4.7% (m/m) decline in April. Statistics show a reduction in purchasing power of Australian households. At a breakthrough of the 0.7382 level, opening short positions for the AUDUSD pair is worth considering.
Reason for the trading strategy
In May, new homes sales in Australia declined by 4.4% (m/m), after a 4.7% (m/m) decline in April. Statistics show a reduction in purchasing power of Australian households. At a breakthrough of the 0.7382 level, opening short positions for the AUDUSD pair is worth considering.
Exness - The Aussie may retest the support level of 0.7322
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