AUD/USD Forecast January 5, 2015, Technical Analysis

The AUD/USD pair fell during the session on Friday as we continue to grind our way lower. Eventually, we feel that this market goes down to the 0.80 handle, which is a massive level in this pair as far as resistance and support is concerned on longer-term charts. Because of this, we have to anticipate that a pullback to that level should find buyers and offer a nice supportive region. If we got some type of supportive candle in that region, we would be more than willing to start buying. We are getting far too close to that area to start selling now.

 

AUD/USD Forecast January 5, 2015, Technical Analysis