AUD/USD Forecast September 1, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 01 September 2016 06:18 UTC
The AUD/USD pair initially fell during the course of the day on Wednesday, but turn right back around to form a bit of a hammer. The hammer of course is a very bullish sign so if we can break above the top of that, I believe that we will bounce. On the other hand, if we break down below the bottom of the hammer, that would be a very negative sign. It’s possible we may have to wait until the jobs number comes out to get a straightforward signal though as quite often it is quite right before that announcement.

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.