AUD/USD Forecast September 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 24 September 2016 07:45 UTC
The AUD/USD pair fell slightly during the course of the session on Friday, breaking the bottom of the shooting star from Thursday. This of course is a fairly negative sign, and as a result I think that the sellers probably will continue to push a bit in this market. However, there is a significant amount of support just below, so I think this is a short-term selling opportunity at this point in time, nothing more. I believe that the 0.75 level will continue to be massively supportive, and of course you have to pay attention to the gold markets as they have a positive correlation with the AUD/USD pair.

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.