AUD/USD Forecast February 16, 2015, Technical Analysis

The AUD/USD pair fell on Friday, as we continue to consolidate overall. The market looks as if it is still going to be soft in general, and with this we are looking to sell sooner or later. The candle for the session on Friday is a hammer, and this means that we may get a chance to sell at a higher level. The 0.80 level above is the “ceiling” in this pair, and with that we are sellers on any signs of resistance between here and there. We have no interest in buying.

AUD/USD Forecast February 16, 2015, Technical Analysis