Sponsors

AUD/USD Forecast December 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 04 December 2015 05:48 UTC

The AUD/USD pair initially fell during the day but then turned back around as we continue to see the strength in the Australian dollar. We are approaching the 0.74 level though, and that is an area that could be quite resistive. With the jobs number coming out today, expect a lot of volatility and if we break down below the bottom of the candle for the Thursday session, we would be sellers. Given enough time though, we believe that the market will make its intentions known and we can follow either the impulsive move higher, or a break down lower.

AUD/USD Forecast December 4, 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.