AUD/USD Forecast March 17, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 17 March 2016 07:15 UTC
The AUD/USD pair went back and forth on Wednesday, as we continue to see quite a bit of interest between the 0.74 level on the bottom, and the 0.75 level on the top. Ultimately though, this is a larger type of range for support, so having said that it’s likely that the market will find buyers in this region. If gold markets rise, that could be reason enough for the Aussie to go higher as well. We have no interest in shorting this market, at least not until we get below the 0.75 handle.



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.