AUD/USD Forecast January 2, 2015, Technical Analysis

The AUD/USD pair fell during the course of the session on Wednesday, pulling back and clearing out some of the bullish pressure that we had seen on Tuesday. With that being the case, look like the Australian dollar continues to soften a bit from here, but at this point in time we recognize that the liquidity might be an issue. With that, we like selling resistive candles on short-term charts, as we believe this market should then head down to the 0.80 handle, which is a massive level on the longer-term charts that the market should be attractive to.

 

AUD/USD Forecast January 2, 2015, Technical Analysis