AUD/USD Forecast March 2, 2015, Technical Analysis

The AUD/USD pair tried to break higher during the course of the session on Friday, but as you can see could not hang onto the gains above the 0.78 level. By doing so, it formed a shooting star, and that of course is a negative sign. Nonetheless, this is a bit of a tight market at this point in time and we feel that it’s probably best just simply left alone. If we did break higher, we will simply look for resistive candles to sell at higher levels as we believe the 0.80 level is massively resistive.


AUD/USD Forecast March 3, 2015, Technical Analysis