FX.co ★ AUD/USD - sell below 1.0523 - for April 03, 2013 (daily strategy)

The Australian dollar managed to remain bullish after the announcement of monetary policy of the Reserve Bank of Australia, which left unchanged the interest rate at 3%. However, this pair on the daily chart is partly overbought, trying to break the long-term bearish channel. There is the daily fractal 1.0523 above the current price. This is a very strong resistance, the key level of the pair is at 1.0496. We recommend selling at any price below the 1.0523 fractal. We will place the target on the support level of 1.03.

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