Buy on a level breakthrough of 0.7200 with 0.7250 target. Stop loss = 0.7150.
Reason for the trading strategy
Today the CSI300 fell by 6.14%, and the Nikkei225 rose by 1.41%. The Aussie ignored the trading results of Asian stock markets and continued consolidating in the range of 0.7144-0.72. To maintain financial stability this week, the Chinese regulator injected nearly 500 billion yuan (more than 72 billion USD) into the country's financial system as part of reverse repo operations.