Forex Technical Analysis 2012/28/08
AUD/USD
Australian Dollar is testing the support level. At the moment the price is forming the ascending pattern, the target of the growth is the area of 1.0610. One can consider buying the pair near the level of 1.0370. If the price falls down lower than 1.0230, this scenario will be cancelled. We recommend to increase the amount of long positions only after the price breaks the level of 1.0450.
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