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FX.co ★ AUD/USD Bullish Outlook, August 31, 2011 (Daily Strategy)

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Forex Analysis:::2011-08-31T05:30:54

AUD/USD Bullish Outlook, August 31, 2011 (Daily Strategy)

AUD/USD Bullish Outlook, August 31, 2011 (Daily Strategy)

AUD/USD

The aussie-dollar picks up now that financial markets recorded gains. It is known that the pair has a high volatility relative to markets and their correlation is very high. Technically, it is estimated that the pair will continue their current upward movement but has to overcome the important resistance level of 1.0886. while the pair does not exceed the level of proof of 1.0738 is bearish potential still has quite intimidating to its crucial support level of 1.0430. Also in an extreme case like this should be strengthened the buying while, as mentioned, the pair trading above the 1.0428 support.

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