AUD/USD Forecast September 24, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 24 September 2015 05:36 UTC

The AUD/USD pair initially tried to rally during the course of the day on Wednesday, but turned back around near the 0.71 level in order to fall significantly and form a bit of a shooting star. Because of this, we feel it’s only a matter of time before we break down, and a move below the 0.70 level should be a selling opportunity. We have no interest in buying this market at the moment, and if it rallies we will simply look for resistive candles above to start selling again. We believe the US dollar will continue to be favored overall, and that of course will have a massive effect on this market.



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.


Subscribe to Newsletter

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