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AUD/USD Forecast December 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 23 December 2015 05:55 UTC

The AUD/USD pair initially tried to rally during the course of the session on Tuesday, but turned back around to form a bit of a shooting star. Because of this, we feel that the Australian dollar should continue to go lower, and on a break of the lows for the session we should see this market reach down towards the 0.71 handle. This is a market that has been grinding lower lately, but in a very choppy manner. Because of this, we feel that selling is the only thing you can do but at this point in time we recognize that you will have to be able to deal with volatility.

AUD/USD Forecast December 23, 2015, Technical Analysis

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