The Australian dollar falls since the start of the Friday. At the moment it is trading around the 0.92 level; it is expected to continue falling over because this pair is strongly tied to the gold price, and as this is very weak, in its turn it affects the Aussie and could pull low levels of 0.9042, very strong weekly support and psychological level. However, our recommendation is only to sell the pair. We recommend you keep it up 0.91 level. However, you can sell if there was a pullback to the area of 0.9320, with targets for the next week around 0.90. The Momentum Indicator is showing a bearish signal at this time, adding the likelihood of a fall for the Aussie.
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