AUD/USD Forecast July 1, 2013, Technical Analysis

The AUD/USD pair fell during the session on Friday, breaking below the recent hammers to signify that we are ready to begin falling again. Because of this, we are more than willing to sell this market on a break of the lows from the Friday session, as we think the market will aim towards the 0.90 level. As far as buying is concerned, we have absolutely no plans on doing so, and as a result a move higher will simply have us looking for some type of resistive price action to start selling again.



Written by FX Empire