FX.co ★ AUD/USD Bullish Outlook - For November 14, 2012 (Daily Strategy)

The pair is above the 200 day moving average period (blue) and is forming a bullish trend line in the short term. If the pair reverses to the trendline there will be an opportunity to buy the pair. We will place stop loss below the EMA 200. The Aussie remains strong, while the current market situation is still uncertain. Now it is trading at 1.0431 above daily fractal. This increases the probability that over the next few days the AUD/USD pair may go higher to 1.0620 (Daily Fractal).

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