Buy on a level breakthrough of 0.7341 with 0.7441 target. Stop loss = 0.7291.
Reason for the trading strategy
The strong GDP data for Australia for Q3 2015 continues to support the Aussie in spite of today's publication of weak data on Australia's foreign trade. In October, the country's trade balance decreased from -2.4 billion to -3.31 billion Australian dollars. Adjustment of the AUD/USD pair to the level of 0.7281 was used by market participants to open long positions on it.