On Monday, the Australian dollar was recovering positions, but it has declined again today. Given that this pair has had a free fall, now it is at least in the 0.9720 support level. On the other hand, indicators on the H4 and daily charts continue to show a high probability of the Aussie recovers, especially if it breaks the 0.9840 area. If that happens you can buy at that level with targets in the first week of 0.9927 resistance, or you can sell according to the point entry suggested on the chart. At a fundamental level, this pair is fluctuating, especially after the interest rate cut by the RBA.
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For detail explanation and best discovery on market trends you may visit via AUD/USD - Key level of 0.9818 - for May 21, 2013 (daily strategy) . Thanks for your support on AUD/USD - Key level of 0.9818 - for May 21, 2013 (daily strategy)
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