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AUD/USD Forecast January 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 14 January 2016 06:10 UTC

AUD/USD fell significantly during the course of the session on Wednesday, as the market continues to bounce around the 0.70 level. The market has broken down previously, and as a result it’s more than likely that the market is going to continue even lower. The uptrend line that we broke down below signal a major shift in momentum, and at this point in time it looks very likely that any rally continues to see selling pressure. At this point in time, we anticipate the AUD/USD pair dropping down to the 0.65 level given enough time.

AUD/USD Forecast January 14, 2016, Technical Analysis

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