Sell on a level breakthrough of 0.7109 with 0.7041 target. Stop loss = 0.7159.
Reason for the trading strategy
The annual growth rate of the consumer price index in Australia in Q3 2015 reached 1.5% with a forecast of 1.7%. Low inflationary pressure requires the regulator to conduct a soft monetary policy. Meanwhile, a significant reduction in the Aussie is unlikely, as the US Federal Reserve is expected to maintain the key interest rate in the range of 0-0.25% in October.