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AUD/USD Forecast January 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 09 January 2016 05:55 UTC

The AUD/USD pair fell significantly during the course of the day on Friday, breaking below the bottom of the hammer from the Thursday session. This suggests that we are going to continue to go lower, and as a result we are sellers on short-term rallies that show signs of exhaustion, and of course a break down below the bottom of the range for the session on Friday should also extend the bearish pressure. We have notched in buying the Australian dollar, as it looks so soft now, especially considering that even gold doesn’t do enough to push the Aussie higher.

AUD/USD Forecast January 11, 2016, Technical Analysis

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