AUD/USD Forecast March 20, 2014, Technical Analysis

The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.90 level to keep the market somewhat afloat. That being the case, it appears that the market will more than likely find buyers just below, and we will be looking for a supportive candle to perhaps by. In the meantime, we will simply stay on the sidelines as is market has a lot of noise in this general vicinity. Going forward, if we managed to break down below the 0.8880 handle, we would be sellers as it would show a significant break down.

 

AUD/USD Forecast March 20, 2014, Technical Analysis