Sell on a level breakthrough of 0.7470 with 0.7406 target. Stop loss = 0.7520.
Reason for the trading strategy
Yesterday, S&P kept Australia's credit rating at AAA but lowered the forecast for it from "stable" to "negative." According to the agency, without adoption of measures to remedy the situation, the Australian Government's fiscal policy can no longer be compatible with the high level of the external debt. Opening short positions in the AUDUSD pair should be considered below the level of 0.7470.