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    AUDUSD: growth after the speech given by the head of the RBA

    Buy on a level breakthrough of 0.7445 with 0.7495 target. Stop loss = 0.7395.

    Reason for the trading strategy

    Today, Glenn Stevens, the head of the RBA, said that such events as Greece, collapse of the Chinese stock indexes and the expected increase in the US key interest rate by the US Federal Reserve do not pose any big threats to Australia. According to him, the reduction of the country's interest rates below the level of 2% can cause problems for the Australian economy in future.
     

    AUDUSD, H1

    AUDUSD


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