AUD/USD Forecast January 22, 2015, Technical Analysis

The AUD/USD pair fell hard during the session on Wednesday, testing the bottom of the consolidation region yet again. Because of this, it appears of the market is ready to continue going back and forth, and as a result we don’t really have much in the way of a trade at this point in time. Ultimately, we believe that the 0.80 level will be massively supportive, and with that we are looking to buy on supportive candles, but we recognize that the market is very tight and won’t be for everyone. Quite frankly, it could even be safer just to stay away.

 

AUD/USD Forecast January 22, 2015, Technical Analysis