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FX.co ★ AUD/USD - GAP 1.0325 - For November 20, 2012 (Daily Strategy)

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Forex Analysis:::2012-11-20T15:00:20

AUD/USD - GAP 1.0325 - For November 20, 2012 (Daily Strategy)

Yesterday the Australian dollar closed trading session at 1.0411. On the other hand, earlier this week the Aussie left a GAP, which is likely to return the pair to cover this gap in the coming hours and began a downward sequence. Given that we have a reversal pattern, we must wait until the level of 1.0325, where the pair has a dynamic support, because it is above EMA 200. At this level we can buy with targets to the level of 1.0532.

At fundamental level this pair has been showing a movement that does not conform to major currencies because of the fundamental data of Australia. Therefore, if you operate with the currency you have to know all the relevant data pertaining to it.

AUD/USD - GAP 1.0325 - For November 20, 2012 (Daily Strategy)

If you need personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

If you like my technical analysis, please vote for me, in the portal MT5.com, please login and then vote for me. Thanks.

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