AUD/USD Forecast April 24, 2014, Technical Analysis

The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.9250 level. That area is significant enough for us to start buying on a supportive candle, and as a result we feel that this market will bounce somewhere in this general vicinity. If we get that supportive candle, we feel that the 0.95 level will be targeted given enough time. If we break down below the 0.92 level, we think this market will probably go looking for the 0.91 level, and possibly even as low as 0.90 level.

 

AUD/USD Forecast April 24, 2014, Technical Analysis