Sell on a level breakthrough of 0.7284 with 0.7215 target. Stop loss = 0.7340.
Reason for the trading strategy
The August decline in the preliminary business activity index in China's manufacturing sector from 47.8 p. to 47.1 p. indicates a continuing contraction of the Chinese economy and puts pressure on the Aussie. The AUD/USD pair may test the yearly low of 0.7215 in the short term.