Sell on a level breakthrough of 0.7358 with 0.7298 target. Stop loss = 0.7408.
Reason for the trading strategy
The NAB business confidence index in Australia fell from 5 p. in April to 3 p. in May. The decline indicates an improvement in market conditions in the country, which puts pressure on the Aussie. In the short term, it may enter the range of 0.7298-0.7358.