AUD/USD Forecast August 19, 2014, Technical Analysis

The AUD/USD pair as you can see went back and forth during the course of the day on Monday, continuing to show the 0.93 level is an area where the buyers could step back into the marketplace. We feel that this market will more than likely continue to be consolidated of on the longer-term charts, as we should go to the 0.9450 level. On the other hand, if we break down below the 0.92 level that would be enough for us to start selling this market as it would be a significant breakdown.

 

AUD/USD Forecast August 19, 2014, Technical Analysis