AUD/USD Forecast June 21, 2013, Technical Analysis

The AUD/USD pair fell during the session on Thursday, as markets around the world sold off anything remotely related to risk. The 0.92 level did offer a bit of support though, and that’s presently where we find ourselves. This market should of course continue down to the 0.90 level if our analysis turns out correct, so we think that any rally on the short term charts is more than likely going to end up being a selling opportunity. Nonetheless, we would also be willing to sell a break of the lows from the Thursday session as we continue to see commodities get absolutely pummeled.



Written by FX Empire