Buy on a level breakthrough of 0.7384 with 0.7500 target. Stop loss = 0.7314.
Reason for the trading strategy
Australian retail sales rose by 0.3% (m/m) in January, with a forecast of 0.4% (m/m) and the previous value of 0% (m/m). The statistics reflect an increase in consumer activity of Australian households and supports the Aussie.