FX.co ★ AUD/USD - Buy long above 0.96 - for May 31, 2013 (daily strategy)

The Australian dollar is unable to recover positions and is located at this level around 0.96. Some analysts show that the break of 0.9525, minimum of this week, is likely. It also would open the door to a much stronger movement. Still the Aussie has a bearish direction for next week. We suggest buying at current price levels, with great caution with the objectives of the weekly pivot line of 0.9690. A break in daily graphics above this level will open the door for recovery of the Aussie in the coming weeks.

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