AUD/USD Forecast June 27, 2016, Technical Analysis

The AUD/USD pair fell rather hard during the day on Friday as the vote result to “leave” the European Union came out of the United Kingdom. We did get a significant bounce though, and ended up forming a massive hammer. As a result, it’s likely that we will continue to see a lot of volatility and possibly a bit of a grind higher. It is going to be volatile and difficult though, so keep in mind that you should be looking for short-term trades at best. At this point, and looks at the buyers are making a bit of a statement.