Sell on a level breakthrough of 0.7565 with 0.7500 target. Stop loss = 0.7615.
Reason for the trading strategy
In May, Australia's retail sales increased by 0.3% (m/m), with a forecast of 0.5% (m/m). In April the value of the index was revised from 0% (m/m) to minus 0.1% (m / m). The statistics reflect the low level of consumer spending in the country. Today, the news of reduction in the HSBC business activity index in China's services sector from 53.5 p. to 51.8 p in June has put additional pressure on the Aussie.