FX.co ★ AUD/USD EMA 200 - for March 12, 2013 (daily strategy)

The Australian dollar is under bullish force. This pair has been reacting to 1.0230/00 level, an area which is becoming very strong support. The exponential moving average of 200 is in the area of 1.0345, below this level it is suggested to sell, because the pair is approaching a resistance level, in the short term we place our target at fractal 1.0230.

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