Sponsors

AUD/USD Forecast August 9, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 09 August 2016 06:14 UTC
The AUD/USD pair broke higher during the course of the day on Monday, showing strength yet again. Because of this, it appears of the Aussie is getting ready to break out, and if we can clear above the 0.77 level, I believe at that point in time we will continue to go much higher. Pullbacks should continue to offer value as the Aussie looks so strong, so having said that I believe that buyers will return again and again. I have no interest whatsoever in selling this market because of the bullishness.

The AUD/USD pair broke higher during the course of the day on Monday, showing strength yet again. Because of this, it appears of the Aussie is getting ready to break out, and if we can clear above the 0.77 level, I believe at that point in time we will continue to go much higher. Pullbacks should continue to offer value as the Aussie looks so strong, so having said that I believe that buyers will return again and again. I have no interest whatsoever in selling this market because of the bullishness.

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.