FX.co ★ AUD/USD Sell Bellow 1.08 for March 02, 2012 (Daily Strategy)

The AUD/USD pair

Yesterday the AUD / USD pair again has faled to close above the resistance level 1.08 W_R1. Thus, this morning during the American session we could observe the bearish reversal signals, Therefore, at current levels SELL-deals are recommend selling with the level 1.0484 (W_S2) seen as the medium-term target.

Range indicator is located in the area 98 indicating the oberbought character of the aussie due to the release of the Australian fundamental data.