AUD/USD Forecast September 12, 2014, Technical Analysis

The AUD/USD pair broke higher during the course of the day on Thursday, but found the 0.92 level to be far too resistive in order to go higher. That being the case, we ended up turning back around and falling significantly. The resulting candle is a massive shooting star, and it appears that the Australian dollars going to continue to start falling. We believe that this market is going to target the 0.90 level, and that of course means that we continue to see weakness going forward. We will look to short-term charts that being in selling.

 

AUD/USD Forecast September 12, 2014, Technical Analysis