AUD/USD Forecast September 10, 2014, Technical Analysis

The AUD/USD pair fell hard during the session on Tuesday, slamming into the 0.92 region. This is an area that has been massively supportive in the past, which is the bottom of a larger consolidation area. This consolidation area should continue to be adhered to find the markets, assuming that the Australian employment numbers come out reasonably well during the day. That being the case, we look to buy supportive candles in this region, recognizing that a bounce is probably coming. We look at this is a short-term trading opportunity only, as there is plenty of noise above.

 

AUD/USD Forecast September 10, 2014, Technical Analysis