19.07.201317:28 Forex Analysis & Reviews: AUD/USD - Sell below 0.9250 - daily strategy for July 19, 2013

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The Australian dollar was favored because China today announced the removal of certain borrowing costs, which favored the Aussie, which is recovered at this time. Australia is China’s biggest trading partner, and the fundamentals of the Asian giant impact than ever on the Aussie. But this pair has resistance at the 0.9250 level which extends to 0.9310. Therefore, in this area you can sell with objectives to 0.9118, Momentum indicator does not showing anything a short-term bearish signal, which increases the likelihood of a reversal of the pair.

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