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AUD/USD Forecast January 8, 2016, it Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 08 January 2016 06:06 UTC

The AUD/USD pair fell significantly during the day on Thursday but bounced just above the 0.70 handle. Because of this, it appears that the market is probably going to try to rally from here. Having said that, the uptrend line that sits above could be a nice selling opportunity. There should be plenty of bearish pressure above, and having said that resistive candle would be a nice signal to start shorting the market. A break down below the bottom of a hammer also is a very negative sign would have us selling as well. We have no interest in buying.

AUD/USD Forecast January 8, 2016, it Technical Analysis

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