Buy on a level breakthrough of 0.7217 with 0.7296 target. Stop loss = 0.7160.
Reason for the trading strategy
The Reserve Bank of Australia has kept its key interest rate unchanged at 2%. According to the RBA, the prospects for improving the state of the economy have become more real. Maintaining a tighter monetary policy in Australia served as a reason for the market participants to play on the Aussie increase.