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AUD/USD Forecast October 16, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 16 October 2015 05:38 UTC

The AUD/USD pair fell significantly during the course of the day on Thursday, but found enough support to turn things back around and form a hammer. That hammer of course is a very bullish sign, and as a result the market should continue to find buyers every time we fall. At this point in time though, anticipate quite a bit of volatility regardless what happens, as the market is very tight in the current area, and of course has a massive amount of support below while having quite a bit of resistance near the 0.75 handle.

 

 

 

 

AUD/USD Forecast October 16, 2015, Technical Analysis

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