Sell on a level breakthrough of 0.7107 with 0.7037 target. Stop loss = 0.7157.
Reason for the trading strategy
The annual inflation in Australia, calculated by the University of Melbourne, has dropped from 2.3% to 2.1% in February. Australian companies' profit from the principal activities decreased by 2.8% (q/q) in Q4 2015. The negative statistics puts pressure on the Aussie.