AUD/USD Buy Above 1.0430, November 02, 2011 (Daily Strategy)

The pair Australian dollar - U.S. dollar it is known that the pair has a high volatility in relation 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 1.0430, At this point there is the blue line of the 200-day moving average serves as a resistance, only if the price trades above this point. we can take a bullish position, with a target to 1.0740.
On the other hand, the downward continuation of the sequence, will find its support around 1.0150, this level can buy long with a short-term goal to weekly resistance level 1.0860