FX.co ★ AUD/USD - Buy above 0.8905 - daily strategy for August 06, 2013

Today early in the day session, as expected, the Reserve Bank of Australia cut interest rates to 2.5% from 2.75% previously, which gave strength to the Aussie. It reached its highest since July 31 and could extend its gains for the next few hours, although we noticed that it could back to the bottom, 0.8905 daily Fractal. Therefore, it is recommended to buy at this level with goals to 15-day moving average and further up to the next fractal 0.9310.

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