FX.co ★ AUD/USD Buy above 1.0228 (fractal) for February 26, 2013 (daily strategy)

The Australian dollar being under downward pressure does not want to yield below the 1.0230 level, strong support, where the daily fractal 1.0228 is. This pair has already made more than five attempts to close below this level but failed. This level has always offered a strong rebound. This morning in the American session it is close to the level of 1.0230, therefore we can consider two options here: you have an opportunity to purchase at this low price, but if the pair closes below 1.0210, you should leave the position and sell with objectives to the next fractal 1.0145. Moreover, the momentum indicator is showing a bullish sign.

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