FX.co ★ AUD/USD - Caution - April 10, 2012 (Daily Strategy)

The AUD / USD is fluctuating with low volatility and a stagnation zone- above the daily fractal 1.0242. The break of 1.0242 could accelerate the fall of the Aussie and begin to seek parity with the dollar.
In view that the AUD / USD pair has a marked downward trend on the intraday charts we recommend you buy only in case of the break of the downtrend line with objectives at the first monthly resistance 1.0670
The MACD indicator is overbought and may bounce upward.