FX.co ★ AUD/USD - buy above EMA 200 - for March 22, 2013 (daily strategy)

Yesterday the Australian dollar found resistance around 1.0448 fractal. Hence it is likely to continue falling until the top of the bearish channel. At this level, around the level of 1.0390, we can buy back the pair with targets in the medium term to 1.0525 fractal. Now our outlook is bullish for this pair, because it is above the 200 day moving average.

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