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AUD/USD Forecast December 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 26 December 2015 12:20 UTC

The AUD/USD pair rose during the course of the day on Thursday, but gave back about half of the gains during the session. With that, the market looks as if it could very well pullback from here, as we continue to bounce back and forth. Looking at the longer-term charts, we are essentially carving out an ascending triangle, so we have to keep that in mind. Given enough time, this market should make a move but short-term we think that pulling back is more than likely going to be what we see happening.

AUD/USD Forecast December 28, 2015, Technical Analysis

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