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AUD/USD Forecast August 16, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 August 2016 08:12 UTC
The AUD/USD pair initially fell during the day on Monday but then turn right back around to form a bullish candle. By doing so, looks as if we are putting serious pressure on the resistance barrier above, and that it is only a matter of time before we break out again. I believe that this market continues to go higher but it is going to be more of a grind than anything else, so I’m not willing to get overly excited about volatility. I have to look at this from a longer-term perspective, and for me this market goes higher over the longer term.

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