AUD/USD Forecast April 21, 2014, Technical Analysis

The AUD/USD pair Daedalus nothing during the session on Friday as it was of course a holiday. Because of this, we feel that the market really hasn’t changed of the last 24 hours and that we will continue to drift down to the 0.9250 level. That area should be rather supportive, and as a result we feel that the market will more than likely attract buyers there. A supportive candle in that general vicinity is reason enough for us to start going long as we believe that the market will continue to head higher, trying to get to the 0.95 level.