Sell on a level breakthrough of 0.6617 with 0.6563 target. Stop loss = 0.6667.
Reason for the trading strategy
The Reserve Bank of Australia has cut the key interest rate by 25 bps, down to 2.25%. According to Graeme Wheeler, the RBNZ Governor, "an even greater policy easing may be required in order for inflation to gain a foothold around the middle of the target range."