Sell on a level breakthrough of 0.7261 with 0.7200 target. Stop loss = 0.7311.
Reason for the trading strategy
In June, the number of permits issued for new construction in Australia fell by 8.2% (m/m) with an expected decline of 0.8% (m/m). The data reflect a downturn in the country's construction sector and put pressure on the Aussie.