Buy on a level breakthrough of 0.7341 with 0.7441 target. Stop loss = 0.7291.
Reason for the trading strategy
Australia's GDP in Q3 2015 increased by 0.9% (q/q), with a forecast of 0.7% (q/q). In annual terms, the growth rate was 2.5%, with a forecast of 2.4%. The data is positive for the Aussie. After an adjustment, the AUD/USD pair may reach the range of 0.7341-0.7441.
Reason for the trading strategy
Australia's GDP in Q3 2015 increased by 0.9% (q/q), with a forecast of 0.7% (q/q). In annual terms, the growth rate was 2.5%, with a forecast of 2.4%. The data is positive for the Aussie. After an adjustment, the AUD/USD pair may reach the range of 0.7341-0.7441.
Australia's GDP supports the Aussie
