Buy on rebound from 0.7394 level with 0.7484 target. Stop loss = 0.7344.
Reason for the trading strategy
The Westpac consumer confidence index in Australia (calculated at the end of the current month) declined by 2.2% (m/m), after 4.4% (m/m) growth in February. Low consumer activity of Australian households will have a negative impact on GDP in Q1 2016. However, growth of Australian exports is capable of supporting the index.
AUDUSD, H1
