Sell on a level breakthrough of 0.7078 with 0.7022 target. Stop loss = 0.7130.
Reason for the trading strategy
In February, home sales in Australia's primary real estate market fell by 4% (m/m). The negative statistics puts pressure on the Aussie. At the breakthrough of the 0.7078 level, opening short positions for the AUD/USD pair is worth considering.
Reason for the trading strategy
In February, home sales in Australia's primary real estate market fell by 4% (m/m). The negative statistics puts pressure on the Aussie. At the breakthrough of the 0.7078 level, opening short positions for the AUD/USD pair is worth considering.
In the short term, the AUDUSD pair may test the level of 0.7022
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