The AUD/USD pair is likely to consolidate above the weekly support 1.0243 and above the fractal 1.0223 in two days. The Aussie is still under the negative pressure due to the results of the meeting of the Reserve Bank of Australia, that evoked worries of many investors.
On a technical level we noticed a fractal formed on the daily charts. This level is very strong because it is the last support of the uptrend. Its breakdown will drastically change the outlook of the pair.
Thus, we recommend Buy-deals at current levels, though it is necessary to operate with low leverage, as the downward pressure is still relevant.
The MACD indicator is in oversold area and it is possible to bounce the upward trend.
