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16.05.2012 05:36 PM
AUD/USD Is Time to Buy for May 16, 2012 (Daily Strategy)

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The Australian dollar recovers positions after having yielded to the lower to the level of daily fractal 0.9870 area which coincides with the second weekly support level. Considering that  the U.S. dollar is weakening in all the fronts, we recommend buying the the AUD / USD pair with goals in the next fractal around 1.0153.

The MACD and Momentum indicator are showing a strong upward bounce.

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