AUD/USD Forecast July 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 July 2016 06:04 UTC
The Australian dollar initially rallied during the day on Wednesday, but found far too much in the way of resistance above and ended up turning back around and form a fairly negative candle. Nonetheless, I don’t feel comfortable selling this market as I see so many areas of support just below. With this, although I recognize that the Australian dollar very well could fall, I more than likely just to sit on the sidelines at this point in time. Pending I think you can count on in this market is going to be volatility though.

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