FX.co ★ AUD/USD EMA 200 - for February 06, 2012 (Daily Strategy)

The Australian dollar has reached minimum Nov. 16 in the last few hours. If you look at the chart below, you may notice that the Aussie is in the area of the 200 day moving average, periods and Fractal around 1.0305. This pairs is positioning itself to go below. This trend will be defined with the announcement of employment data from Australia, which will be available in the Asian session on Thursday, which could lead to further bearish momentum for the Aussie. So we recommend selling the pair, if there is a pullback to the 1.0370 fractal, you can sell with objectives to 1.0230.

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