Sponsors

AUD/USD Forecast October 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 06 October 2015 05:57 UTC

The AUD/USD pair broke higher during the course of the session on Monday, as we continue to see a bit of support. However, the market is most certainly in a downtrend overall, and as a result we have no interest in buying. We think that the Reserve Bank of Australia could shock the markets a bit right now, and as a result we are waiting to see if we get a resistive candle to start selling as we can pick up value in the US dollar. We believe that the resistance extends all the way to the 0.7250 level.

 

 

 

 

 

 

 

AUD/USD Forecast October 6, 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.