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AUD/USD Forecast January 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 06 January 2016 05:41 UTC

The AUD/USD pair fell during the course of the session on Tuesday, but as you can see is testing the uptrend line from the ascending triangle that we have been paying so much attention to. Suddenly put, if we can break down below the 0.71 handle, we feel that this market should continue to go much lower. If we can break down below there, the market could go as low as the 0.69 handle, and should offer quite a bit of selling opportunities on short-term charts, as well as long-term ones going forward.

AUD/USD Forecast January 6, 2016, Technical Analysis

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