FX.co ★ AUD/USD - Buy above fractal 1.0224 - for April 24, 2013 (daily dtrategy)

The Australian dollar made three attempts to break the daily fractal area 1.0224. The fact that the pair failed to close below that level increases the likelihood that in the medium term the pair reaches the level of 1.05. This area has become very strong support for the pair, so it is recommended to buy at current price levels with targets at 1.03 and higher on, 1.0445. On the other hand, the Momentum Indicator is showing a bullish signal.

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