FX.co ★ AUD/USD (Buy above 1.0337) for December 27, 2012 (Daily Strategy)

The Australian dollar found a dynamic support around 1.0343, which is above the weekly support of 1.0333. Slightly below you can see from the graph the 200-day moving average periods, the fact that the pair is above the 200 EMA (blue) gives us the optimism to continue buying this pair. Therefore, at the current price level you can buy or, if there is a decline until the level of 1.0337, with objectives to the level of 1.0453 and 1.0575, the stop loss will place it below the 200-day moving average periods. The technical indicator is showing a bullish signal.

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