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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After more than two weeks of downside movement the EUR/USD pair is in annual minimum and being pushed down to break his weekly uptrend line. We can see in the second graph below.
At the technical level we see the euro recovered positions after reaching 1.2680 at the minimum of the day so far. This level coincides with the third support weekly. We believe that before further envisions acid as I could have, if the situation of Greece does not end, it may fall to 1.18.
However, in these current levels we recommend to buy, at least to close the two gaps that the euro had left around 1.3150.
Technically, the crossing EUR / USD was violated a trendline on the weekly chart, from June 2010 in the last hours. This sounds alarming for those who rely on a quick recovery of the single currency.
The chart above shows the breakdown.
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