FX.co ★ AUD/USD Bullish Outlook, July 19, 2011 (Daily Strategy)

AUD/USD

The long-term prognosis for the Australian dollar – United States dollar pair, will provide the continued movement toward the mainstream until at least the levels of 1.1300, the current price of the pair is seen as a valuable opportunity to get a low price and close to important support level.

Therefore, any significant drop for the pair constitutes a good opportunity to pick up the pair at low and attractive price levels. In the short to medium term, the pair can be expected to renew it upwards direction and go northwards to the price level of 1.0930. For the long term, the price target remains just as it was at 1.1300 United States dollars to the Australian dollar.