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AUD/USD Technical Analysis for the Week of Aug 1, 2011

posted by Avatar FXEmpire 658 days ago in USD, AUD, Technical made popular 658 days ago

The AUD/USD pair has broken through the 1.10 level to make new highs in the past week. The pair did pullback, but formed a hammer just under the 1.10 level on Friday to make a statement about finding support in the 1.09 region. Because of this, we like buying the AUD/USD still, and think it is set to target 1.15 in the near future.
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