FX.co ★ AUD/USD - Bullish outlook - for August 07, 2013 (daily strategy)

Yesterday the Australian dollar managed to place above the bullish fractal. The fact that this pair was able to return and rise above the daily fractal is a potential key to a recovery of the Aussie. Therefore it is recommended to continue buying above the level of 0.8905 and at this moment of writing it is trading at 0.8965. We recommend buying at the current level with targets at 0.9110 price level of the exponential moving average 15 days and if this level is exceeded to the level of 0.9320, the next daily fractal.

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