Buy on a level breakthrough of 0.8028 with 0.8245 target. Stop loss = 0.7950.
Reason for the trading strategy
Today, the first estimate for the US GDP for Q1 2015 will be published. In the reporting period, the index is expected to grow by 1% (y/y), which is lower than the 2.2% (y/y) growth in Q4 2014. The weak macroeconomic data will put significant pressure on the US dollar.
AUDUSD, Daily