FX.co ★ AUD/USD market manipulations analysis for August 16, 2011

The Australian dollar kept increasing in accordance with the new scenario. In the Asian session the price corrected slightly and at the moment the AUD is testing the support level 1.0410. The next support level for the pair formed at the 1.0350 level. The main scenario is an advance from the 1.0410 level. As an alternative scenario we should expect a test of the support level 1.0350 in case the price fixates below 1.0410.

Trading recommendations:

No trading recommended.