AUD/USD Forecast February 6, 2013, Technical Analysis

The AUD/USD pair fell during the session on Tuesday, closing underneath the 1.04 level again. However, we did start to see a bounce in the pair at the same levels we have seen over the last couple weeks. Because of this, we believe that the shorter-term traders will more than likely be attracted to this pair down these levels as a quick 20 or 30 pip gain could be had. We won’t sell this pair, there’s obviously quite a bit of support below, so really the only option is to start buying it.


Written by FX Empire