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AUD/USD Forecast December 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 29 December 2015 08:50 UTC

The AUD/USD pair fell during the day on Monday, as we continue to go back and forth. It looks as if we are a bit exhausted, so the Australian dollar could continue to go little bit lower. It should be noted that at the same time we continue to see the gold markets look a bit soft, so that of course will weigh upon the value of the Aussie dollar going forward, as we should drop back down to the 0.72 handle, perhaps even lower than that. The yellow on the chart represents a longer-term ascending triangle.

AUD/USD Forecast December 29, 2015, Technical Analysis

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