AUD/USD Sell Bellow 1.0200 for May 04, 2012 (Daily Strategy)

The interest rate cut from the RBA, known in recent days, the slowdown in the Australian economy and also coinsidente with a significant drop in an ounce of gold. All these data show a gloomy future for the Dollar autraliano.

Technically figure shows a daily chart appears aimed 1.00 area, and even more at 0.9985.

According to the daily fractal table, we see an important fractal 1.0240 a close below this level would increase the likelihood of a fall to parity against the dollar. Therefore, we recommend selling just below the 1.0200 level, with targets to 0.9985 U.S. dollars per Australian dollar.

Материал предоставлен компанией Instaforex - instaforex.com