FX.co ★ AUD/USD - Bullish Outlook - For November 27, 2012 (Daily Strategy)

Yesterday the Aussie showed a small move above 1.0450 fractal forming a technical pattern that increases the chances of an upward movement until the resistance of 1.0564. If you see, this pair has obviously had upward pressure since several months, and we recommend buying at the supports. However, the 1.0564 level will continue to offer resistance, but overcoming this level it could lead to the key level of 1.06 and 1.08.

Do not forget that this pair is closely linked to China's economy and any risk in this country could affect the Aussie.

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.