Buy on a level breakthrough of 0.7650 with 0.7750 target. Stop loss = 0.7600.
Reason for the trading strategy
The US Federal Reserve lowered its forecast for the US GDP growth rate for 2016 from 2.4% to 2.2% due to a low inflation, triggered by the falling oil prices and the weak performance of the US GDP exports. The news are putting pressure on the US dollar. At the same time, the information on the reduction in the unemployment rate in Australia from 6% to 5.8% supports the Aussie.