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AUD/USD Forecast February 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 February 2016 06:25 UTC
The AUD/USD pair broke higher during the course of the session on Thursday, but we still remain well below the previous uptrend line that we have been using as a resistance barrier. It’s not until we get above that line, which is essentially the highs from Tuesday, but that we would start buying this pair. In the meantime, an exhaustive candle could be a nice selling opportunity as the market continues to be very volatile and choppy. Regardless, this is a pair that you should be watching even if you are not involved in it right now.

 

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