AUD/USD Forecast February 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 February 2016 08:03 UTC
The AUD/USD pair broke higher during the course of the session on Wednesday, as we continue to see quite a bit of bounce at the 0.70 handle. However, there is a significant amount of resistance just above as well, so we do not have any real interest in buying. At this point in time, it’s probably best just to sit on the sidelines and wait for some type of clarity. Given enough time though, we will get the impulsive candle that we need and we will start placing trades but until then will simply observe.



Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.