Sponsors

AUD/USD Forecast December 14, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 12 December 2015 14:07 UTC

The AUD/USD pair initially tried to rally, but then turned back around to form a rather negative candle. The 0.72 level below was tested, and as a result it appears that the market could eventually break down below there. If it does, at that point in time we think the market will then try to grind its way down to the 0.70 level. Rallies at this point in time might be a bit difficult to handle, as there is so much in the way of noise above. Ultimately, we do think that the Australian dollar will probably soften up.

AUD/USD Forecast December 14, 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.