AUD/USD Forecast April 28, 2014, Technical Analysis

The AUD/USD pair went back and forth on Friday, settling on a very neutral candle. The market is sitting on top of 0.9250, which of course has been massively supportive. With that, we do not have much of a chance of selling this market right now, and as a result we are waiting to see if the top of the range for the Friday session breaks so that we can start buying. At that point time, we would anticipate that the market should head to the 0.95 level given enough time, and as a result we would not hesitate to start buying.

 

AUD/USD Forecast April 28, 2014, Technical Analysis