Sell on a level breakthrough of 0.7327 with 0.7280 target. Stop loss = 0.7374.
Reason for the trading strategy
On August 4, the RBA meeting minutes noted the need for a further weakening of the national currency to support the economy. The expectations of growth in the key interest rates in the US this year put additional pressure on the commodity currencies.
Reason for the trading strategy
On August 4, the RBA meeting minutes noted the need for a further weakening of the national currency to support the economy. The expectations of growth in the key interest rates in the US this year put additional pressure on the commodity currencies.
The Aussie slides down to the support level of 0.7327
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