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AUD/USD Forecast January 4, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 03 January 2016 05:49 UTC

The AUD/USD pair went back and forth during the day on Thursday, ultimately settling on a slightly negative candle. Ultimately though, we believe that this market will be greatly influenced by the overall ascending triangle pattern, which should keep buyers interested on pullbacks. However, we do not think that this market is ready to explode in one direction or the other, and gold markets certainly aren’t doing anything to change that at the moment. Quite frankly, we think there will be more interesting currency pairs to trade out there in the next couple of sessions.

AUD/USD Forecast January 4, 2016, Technical Analysis

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