Sell on a level breakthrough of 0.6906 with 0.6800 target. Stop loss = 0.6956.
Reason for the trading strategy
It has become known today that the volume of new lending in China fell from 709 billion to 598 billion yuan in December. Against the background of increased risks, China's banking sector has become more cautious in lending to people and to businesses. The news is putting pressure on the commodity assets. The expected breakthrough of the support level of $0.6906 will provoke an opening of short positions on the Aussie.