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AUD/USD Forecast December 9, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 09 December 2015 06:41 UTC

The AUD/USD pair fell during the day on Tuesday, but found enough support below to turn things around and form a candle that looks suspiciously like a hammer. With this being the case, I break above the top of the hammer would be a bullish sign, as the market should then reach towards the highs yet again. On the other hand, if we break down below the bottom of the hammer, we feel that the market will try to grind its way down towards the 0.71 handle. The market will be volatile as Australian Unemployment numbers come out.

AUD/USD Forecast December 9, 2015, Technical Analysis

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