The Australian dollar has been under downward pressure. The pair has been one of the currencies with a great capacity for recovery. But now it is struggling to recover and leave the 0.9598 area. If you look at the graph, this level includes weekly pivot point. If we talk discuss this level, in September 2011, the prices were pushed up over 1000 pips. Therefore we recommend buying, if the pair is above these price levels. Yesterday we said the pair Australian dollar had earlier left a gap at 0.9566 and that its goal was to fill this gap. Today in the European session the pair managed to completely cover this level. So we should expect in 4H charts a close above 0.96.
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