AUD/USD: bullish outlook – daily strategy for May 09, 2013
May 9, 2013 3:45 pm
The Australian dollar in the early hours of the day took upward momentum due to an unexpected improvement in the employment data, 5.5% from the prior month. Now the Aussie is more solid this hour, given that the today’s high at 1.0251 has receded; now trading at 1.0189 which is a good level to buy back the pair, with goals in the coming days in daily fractal 1.03 level. Looking at the chart, we note that the momentum indicator is showing a bullish signal, if the pair exceeds the level of 1.0230, it will give strength to find the area of 1.03 without too much difficulty during the course of the week.
If you need personal consultation, contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar in the early hours of the day took upward momentum due to an unexpected improvement in the employment data, 5.5% from the prior month. Now the Aussie is more solid this hour, given that the today’s high at 1.0251 has receded; now trading at 1.0189 which is a good level to buy back the pair, with goals in the coming days in daily fractal 1.03 level. Looking at the chart, we note that the momentum indicator is showing a bullish signal, if the pair exceeds the level of 1.0230, it will give strength to find the area of 1.03 without too much difficulty during the course of the week.
If you need personal consultation, contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
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