FX.co ★ AUD/USD Buy Above 1.03 - For February 15, 2012 (Daily Strategy)

The Australian dollar is very lateral against the dollar at this time after falling Tuesday to 1.0228 fractal. This morning it is regressing slightly. The fact that this pair is again positioned above the 200 day moving average period and above the 1.0305 fractal, increases the chances of a bullish move higher in the coming weeks, on the other hand, this pair is drawing a trend continuation pattern, which objectives are in the short term are placed at the level of 1.0465.

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