AUD/USD Forecast February 14, 2014, Technical Analysis

The AUD/USD pair initially fell during the session on Thursday, but you can see found enough support below in order to bounce and form a hammer. This hammer of course suggests that we are going to try and break out above the shooting star from the Wednesday session, so we could get a bit of volatility in positive motion now. However, we feel that this market is going to continue to have a struggle going higher, and that of be more of a grind and not so much of a free-flowing movement.

 

AUD/USD Forecast February 14, 2014, Technical Analysis