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FX.co ★ AUD/USD Strong Support 1,0418 May 25, 2011 (Daily Strategy)

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Forex Analysis

2011-05-25T07:40:38
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AUD/USD Strong Support 1,0418 May 25, 2011 (Daily Strategy)

AUD/USD Strong Support 1,0418 May 25, 2011 (Daily Strategy)

AUD/USD

A look on graph of the Australian dollar – United States dollar pair, is directed to its second weekly support around 1.0418, this strong support will return the pair to 1.0620 levels.

A decrease to that level would create a buy opportunity, who would return to the weekly pivot around the level of 1.0624 United States dollars for one Australian dollar.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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