This morning the Australian dollar broke the psychologically key level of 0.90. The Aussie is losing momentum to the extent that the local economy sums discouraging news. If the pair closes the week below this level, it stretches losses in the medium term at 0.8570 area. However, according to our indicator of fractals, this pair has a fractal that strength will be tested if it finds support in the 0.8907 area. If the pair is consolidating at this level and bounces up it will be good buying opportunity, with objectives to the level of 0.9320, the break of the fractal will result from a fall to 0.8760 area.
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