Buy on a level breakthrough of 0.7461 with 0.7550 target. Stop loss = 0.7411.
Reason for the trading strategy
In April, the number of home loans approved in Australia rose by 1.7% (m/m), with a forecast of 2.5% (m/m). In May, China's foreign trade surplus totaled 49.98 billion dollars, with a forecast of 59.65 billion dollars. The statistics are moderately negative for the Aussie, but in the short term it can grow to the level of 0.7550 dollars because of the weakness of the world's reserve currency.