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AUD/USD Forecast January 19, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 19 January 2016 05:56 UTC

The AUD/USD pair fell during the day on Monday, as we continue to show signs of weakness in the Australian dollar. This is mainly because the Australian dollar is a bit of a proxy for Chinese markets in general, and they of course have been struggling. Any rally at this point in time should find plenty of sellers above, and exhaustive candles will be used to sell this market when that happens. We preferred the US dollar over other currencies in general right now anyway, and the Australian dollar of course is no different.

AUD/USD Forecast January 19, 2016, Technical Analysis

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