AUD/USD Forecast March 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 15 March 2016 06:08 UTC
The AUD/USD pair broke down a bit during the course of the session on Monday, testing the 0.75 level. However, there is a significant amount of support just below, reaching down to the 0.74 handle. With this, we are simply waiting to see whether or not we get a supportive candle that we can start buying. After all, the move above the 0.75 level was fairly strong, and therefore it makes sense that we would continue to find buyers in a market that is obviously very bullish all of a sudden, especially of the last couple of weeks.



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.