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AUD/USD Forecast December 31, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 31 December 2015 06:02 UTC

The AUD/USD pair initially tried to rally during the course of the session on Wednesday, but turned back around to form a bit of a shooting star. The shooting star of course is very negative, but we do have support just below. On top of that, you have to wonder about volume as we are right in the middle of the holidays, so this point in time we believe that the market will probably just grind sideways for the next couple of sessions. Given enough time, we will have to make more important decisions, but we think the next session or so will be very quiet.

AUD/USD Forecast December 31, 2015, Technical Analysis

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