Sponsors

AUD/USD Forecast July 17, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 17 July 2015 05:16 UTC

The AUD/USD pair bounced slightly during the session on Thursday, but remains a very be down. The market should continue to be one that you can sell on rallies, as this market continues to consolidate overall below the 0.75 handle. With that, we are bearish in general of the Aussie, as the commodity markets of course have been beaten up quite significantly. We believe that the market will ultimately head down to the 0.70 level, as that is the next large, round, psychologically significant number on the longer-term charts. We have no interest in buying at all.

 

audusd

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.