AUD/USD Forecast July 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 11 July 2016 06:06 UTC
The AUD/USD pair initially fell during the course of the day but then broke out to the upside as the 0.75 level gateway. This bullish candle should signal that we are going to continue going higher, and pullbacks should be buying opportunities as well. With this, I have no interest whatsoever in selling this market, I believe that the buyers below will continue to push, especially considering that the gold markets have been so strong lately, as the Aussie tends to be a bit of a proxy for the yellow metal by currency traders.

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.