FX.co ★ AUD/USD Buy above EMA 200 - for February 19, 2013 (Daily Strategy)

The Australian dollar from its low of 1.0270 which was hit on Monday has managed to recover positions this morning. During the American session it was trading at 1.0340. The pair managed to rise above the 200 day moving average periods and above the 1.0306 fractal. We hope that this pair continues rising slowly to the level of 1.0387, above this level there is the next resistance in 1.0466. Therefore, we recommend buying above 1.0306 if the pair backs again to this level you can buy with medium-term objectives in the fractal of 1.0466.

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