FX.co ★ AUD/USD Buy Above 1,0547, August 04, 2011 (Daily Strategy)

AUD/USD

The Australian dollar – United Stages dollar pair, is at this very moment in the midst of a free fall for the fourth consecutive day against the background of the weakening financial markets. has been corrected to the third weekly support around 1.0547
Since the Australian dollar represents a country that is financially strong and stable whilst the American dollar represents a jerky economy with extensive debt problems, then the Australian dollar – United States dollar pair can be expected to finish correction at some time and turn to the direction of its original trend – in an upwards direction.