Sponsors

AUD/USD Forecast June 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 08 June 2016 07:58 UTC
The AUD/USD pair broke higher during the day on Tuesday, as we have cleared the 0.74 level. At this point in time, it looks as if the market is ready to go much higher and challenge the 0.75 level. If we get above there, becomes more of a “buy-and-hold” type of situation although there is quite a bit of noise above. Pullbacks should be well supported, and as a result I have no interest in selling this market until we get below the 0.73 level, which looks very unlikely at this point in time.

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.

Sponsors

Subscribe to Newsletter

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