AUDUSD: consolidation in the range of 0.7158-0.7232

Jul 16, 2015
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AUDUSD
Aug. 25, 2015, 09:44
Sell on a level breakthrough of 0.7158 with 0.7040 target. Stop loss = 0.7210.

Reason for the trading strategy

The index of leading economic indicators of Australia, provided by Conference Board, fell by 0.2% (m/m) in June. The slowdown in the national economy will put pressure on the exchange rate of the Aussie.

AUDUSD, H4
 

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