Yesterday the Australian dollar closed trading session at 1.0411. On the other hand, earlier this week the Aussie left a GAP, which is likely to return the pair to cover this gap in the coming hours and began a downward sequence. Given that we have a reversal pattern, we must wait until the level of 1.0325, where the pair has a dynamic support, because it is above EMA 200. At this level we can buy with targets to the level of 1.0532.
At fundamental level this pair has been showing a movement that does not conform to major currencies because of the fundamental data of Australia. Therefore, if you operate with the currency you have to know all the relevant data pertaining to it.
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For detail explanation and best discovery on market trends you may visit via AUD/USD - GAP 1.0325 - For November 20, 2012 (Daily Strategy) . Thanks for your support on AUD/USD - GAP 1.0325 - For November 20, 2012 (Daily Strategy)
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