Sponsors

AUD/USD Forecast August 17, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 15 August 2015 09:02 UTC

The AUD/USD pair rallied slightly during the course of the day on Friday, and as a result we believe that the volatility continues. Quite frankly though, we are very bearish on this pair, and we are waiting to see whether or not we get a resistant candle above in order to start selling. The 0.75 level above of course is very resistive, and with that we feel that the market should continue to find sellers every time we bounce. We have no interest in going long at this point in time as commodity markets simply do not warrant a higher Australian dollar.


 

AUD/USD Forecast August 17, 2015, Technical Analysis

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.