Buy on rebound from 0.7385 level with 0.7485 target. Stop loss = 0.7335.
Reason for the trading strategy
A recovery in prices for Australian export commodities - iron ore, non-ferrous metals, etc. are strengthening the Aussie's position in the international currency market. After an adjusting decline to the level of $ 0.7385, opening long positions in the Australian currency should be considered.