AUD/USD Forecast November 27, 2013, Technical Analysis

The AUD/USD pair fell during the session on Tuesday, but as you can see the 0.91 level offered a fair amount of support. That being the case though, we feel that any bounce from here will more than likely offer a nice selling opportunity, based upon the fact that we did break below the bottom of the Monday hammer. Because of this, we feel that this market will continue to be very weak, and therefore feel that selling opportunities will be taken by the majority traders out there, and are looking for resistive candles to do just that.

 

AUD/USD Forecast November 27, 2013, Technical Analysis

Written by FX Empire