FX.co ★ AUD/USD - Correction - daily strategy for August 13, 2013

The Australian Dollar has found strong resistance at 0.9220, where bears have started to dominate, observing indicators of the graph, we note that the Momentum indicator is now in sales area, which indicates a new wave bass for the next session, maybe for continuation or correction, before, it must overcome and quote below the psychological support at 0.90, expect the pair to continue with the downward pressure to the area of 0.9030, at this level we recommend to buy, with objectives to 0.9320 fractal, our medium-term outlook is bullish, provided by trading above 0.8905 fractal.

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