In the short term, the Aussie may test 0.7626 the dollar level.

April 10, 2015

Sell on a level breakthrough of 0.7669 with 0.7626 target. Stop loss = 0.7710.

Reason for the trading strategy
In February, the number of mortgages in Australia rose by 1.2% (m/m) with a forecast of +3.0% (m/m). However, in February, the number of approved investment home loans in Australia decreased by 3.4% (m/m). The statistics is negative for the Aussie.

AUDUSD, H4

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