Forex Analysis: 2012-04-24 14:14:48 UTC+00 2 years, 3 months, 3 weeks, 5 days, 10 hours, 34 min. ago
AUD/USD Bullish Outlook for April 24, 2012 (Daily Strategy)


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The Australian dollar was traded at 1.0277 above the 1.0254 second support weekly. This is a strong support level, given that this is the daily fractal of 1.0246 and W_S2 weekly. Both support levels are held by the Aussie.

Given that the indicators MACD and Momentum are showing bullish signals, recommend Buy-deals with objectives seen at the recent weekly resistance 1.0542. A closure above 1.0316 will increase the chances for upward growth.

Gerardo Porras Palomino is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please give your vote for this analyst.

Performed by
analytical expert: Gerardo Porras Palomino
InstaForex Group © 2007-2014
 Published: 2012-04-24 14:14:48 UTC+00 2 years, 3 months, 3 weeks, 5 days, 10 hours, 34 min. ago

 
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