The Australian dollar is trading below the key level of 1.03. Yesterday this pair could not overcome this level. This morning, it had a correction to the level of 1.0230 fractal. In this area, we can re-buy this pair, as in recent weeks it has been a strong support. On the other hand, the MACD indicator is showing a bullish move for the next pair of days. This week will present relevant data in China will be published. This is linked to the Aussie market, so if the data is optimistic, the AUD/USD can take a very bullish direction.
If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com
