Buy on a level breakthrough of 0.7718 with 0.7818 target. Stop loss = 0.7660.
Reason for the trading strategy
In April, the number of mortgage loans in Australia increased by 1% (m/m) with an expected 2% (m/m) decline. In May, the business sentiment index in Australia rose from 3 p to 7 p. The data indicate an increase in business activity in the country, supporting the Aussie.