AUD/USD Forecast January 13, 2015, Technical Analysis

The AUD/USD pair fell during the course of the session as you can see on Monday, but found enough support at the 0.8150 level to hang about. With that, if we can break down below the bottom of the range we feel that this market should then go down to the 0.80 level. That level in and of itself is a massive support barrier on the longer-term charts, so because of that we would not be selling massive positions. In fact, we are much more comfortable buying close to that level on supportive candles in selling at this point in time.

 

AUD/USD Forecast January 13, 2015, Technical Analysis