Sell on a level breakthrough of 0.7298 with 0.7200 target. Stop loss = 0.7350.
Reason for the trading strategy
The stability of the dynamics improvement in the iron ore prices is highly questionable and makes investors overestimate the rate of the Aussie downwards. In the current year, a reduction in Australia's base interest rate from 1.75% to 1.5% can not be ruled out.