Buy on a level breakthrough of 0.7702 with 0.7767 target. Stop loss = 0.7650.
Reason for the trading strategy
The RBA has kept its key interest rate unchanged at 2%, as expected. According to the regulator, the households spending and companies lending rose after the last rate cut (from 2.25% to 2%). Maintaining a tighter monetary policy in the country has provided support for the Aussie.