AUD/USD Forecast August 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 29 August 2016 06:28 UTC
The Australian dollar initially tried to rally during the course of the day on Friday, but turned right back around to form a very negative looking candle. We informed three shooting stars in a row on the weekly chart, so I think that we may be starting to see a rollover when it comes to this market. I don’t think it’s going to be easy though, I expect quite a bit of volatility in choppiness. You will have to pay attention to the gold markets, they of course will have a major influence on the Australian dollar as usual.

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.