FX.co ★ AUD/USD Bullish Outlook, August 26, 2011 (Daily Strategy)

AUD/USD

Considering the most favorable situation of the Australian economy relative to the U.S. and the Fed's aggressive policy, in order to weaken the dollar (very small interest rate until 2013 and comments on QE3), it is possible that aussie-dollar pair has yet a long way up. However, we are in a time of very low stability and therefore should be protected by the support level near $ 1.0150 dollars per Australian dollar.