FX.co ★ AUD/USD - sell below EMA 200 - for March 06, 2013 (daily strategy)

Earlier this week the Australian dollar found a bottom in the first level of monthly support 1.0115. From this area it managed to rise over 150 pips. Now it faces the key level of 1.0306 and above this level there is the 200 day moving average (blue). Analyzing this technical data, we recommend selling the pair below 1.0306 with targets at the 1.0228 fractal, strong support, and ultimately with target at 1.0150 support.

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com