AUD/USD Forecast February 19, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 19 February 2016 07:31 UTC
The AUD/USD pair went back and forth during the course of the day on Thursday, as we continue to bang around just below the 0.72 handle. Because of this, the market should eventually have to make a decision, but at this point in time it looks like dead money. We have no interest whatsoever in buying or selling this market, although we do recognize that more than likely we could drop from here in the short-term. There are simpler trades out there to take, and certainly this point in time the lack of motion in this market will continue to be difficult to deal with.



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.