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AUD/USD Forecast January 13, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 13 January 2016 05:21 UTC

The AUD/USD pair went back and forth during the course of the session on Tuesday, as we continue to bounce around the 0.70 level. The Australian dollar is very soft, and gold markets look as if they are starting to fall. With that being the case, we are sellers of short-term rallies, as you can see have been very unimpressive. Any rally at this point in time will have to contend with the fact that we have recently broken down below the bottom of an uptrend line, which of course is a very negative sign. With no interest in buying at this point.

AUD/USD Forecast January 13, 2016, Technical Analysis

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