AUD/USD Forecast March 16, 2015, Technical Analysis

The AUD/USD pair fell during the course of the session on Friday, as we continue to drift much lower. The Australian dollar of course continues to suffer being a commodity related currency, and of course the US dollar continues to be the favored currency from all over the world. With that, we believe that the market should then head to the 0.75 level, and then perhaps the 0.70 level after that. We have no interest whatsoever in buying, and realize that any rally at this point time will simply offer selling opportunities.

 

AUD/USD Forecast March 16, 2015, Technical Analysis