AUD/USD Forecast August 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 August 2016 06:27 UTC
The AUD/USD pair took out during the course of the session on Wednesday, clearing the 0.7675 level. With this being the case, the market should continue to go much higher and if gold markets continue to push higher as well, this is a nice opportunity to go much higher. The market will more than likely continue to be volatile, but I do think that there are a lot of things in place to continue to push towards the 0.80 level above. With this, I am “buy only” 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.


Subscribe to Newsletter

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