AUD/USD Forecast July 11, 2013, Technical Analysis

The AUD/USD pair went back and forth during the session on Wednesday, showing that the market is still quite confused. Nonetheless, we think that this market will continue to be bearish overall, and any rally will simply be an excuse to start selling again. Within this chart, we think that the 0.95 handle should continue to be assistance, and because of this we will look for opportunities to sell this market at higher levels. As far as buying is concerned, we don’t see the ability to do so until we get above the 0.97 handle, something that will more than likely not happen anytime soon.



Written by FX Empire