AUD/USD Forecast July 14, 2014, Technical Analysis

The AUD/USD pair tried to rally during the session on Friday, but as you can see really can go anywhere in the end. The market looks like it’s very resistive just above, so it is not until we break above the 0.95 level that we feel comfortable enough to start buying. Pullbacks at this point might offer buying opportunities as well, as a supportive candle should be reason enough to believe that the market is trying to build up momentum to break out finally. However, right now this is one of our least favorite markets.

 

AUD/USD Forecast July 14, 2014, Technical Analysis