Sell on a level breakthrough of 0.7197 with 0.7108 target. Stop loss = 0.7250.
Reason for the trading strategy
The Caixin business activity index in China's manufacturing sector dropped from 48.6 p. to 48.2 p in December. The Aussie had a nervous reaction to the weak macroeconomic statistics for China, Australia's largest trading partner, and declined to the $ 0.7197 level. Meanwhile, the December increase in the official business activity index in China was ignored by market participants.