AUD/USD – Buy Above 0.8905 – daily strategy for August 02, 2013
August 2, 2013 4:15 pm
The Australian dollar is very weak. Every attempt to recover ends in a fall. This currency is closely linked to China’s economy. Given that in this country every time data is very disappointing, it influences in the price of the Aussie, we see in the chart that the pair is struggling to hold above 0.8905, daily fractal. This level is key to separate the rapid fall of the Aussie or to expect a recovery for the next few weeks. We therefore recommend buying above 0.8905 with targets to the level of 0.9148.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
The Australian dollar is very weak. Every attempt to recover ends in a fall. This currency is closely linked to China’s economy. Given that in this country every time data is very disappointing, it influences in the price of the Aussie, we see in the chart that the pair is struggling to hold above 0.8905, daily fractal. This level is key to separate the rapid fall of the Aussie or to expect a recovery for the next few weeks. We therefore recommend buying above 0.8905 with targets to the level of 0.9148.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
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