AUD/USD Forecast February 18, 2014, Technical Analysis

The AUD/USD pair fell during the session on Monday, filling the gap after initially gapping higher. That being said, we are still above the 0.90 level which of course could offer significant support, but we are below the recent high that was found at the 0.91 handle. With that, we are going to be on the sidelines as we feel this market is probably going to continue to be very volatile in the short-term. However, on a daily close above the 0.91 level we would be buyers, just as we would consider buying on a supportive candle somewhere closer to the 0.90 level.