AUD/USD Forecast February 10, 2014, Technical Analysis

The AUD/USD pair try to rally during the session on Friday, but as you can see the 0.90 level offered far too much in the way of resistance. Although we did form a relatively weak looking candle, the truth is that the weekly candle look strong. Because of this we are going to pay attention to the Australian dollar for a couple of sessions before make a decision. We believe that the 0.90 level is in fact an inflection point, so we need to see a definite move in one direction or the other to start risking trading capital.

 

AUD/USD Forecast February 10, 2014, Technical Analysis