AUD/USD Forecast August 13, 2012, Technical Analysis
Add a comment
Technical Reports
To learn more click here
The AUD/USD pair fell for much of the session on Friday only to bounce back off of the 1.05 level and form a hammer. This shows continued resilience on the part of the Australian dollar, and as such we think that the upside is where we’re going next. A break above the Thursday highs would smash all resistance and lead us to the 1.08 level. The right might be bumpy, but that’s where we think we’re going.
As for selling, we think that any fall in this pair will more than likely find support at the bottom of the up trending channel that we’ve been crawling over the last couple months. In fact, we are not selling until we break below the 1.03 level.
AUD/USD Forecast August 13, 2012, Technical Analysis
EUR/USD Forecast May 21, 2013, Technical Analysis
AUD/USD Forecast May 21, 2013, Technical Analysis
Gold Prices May 21st, 2013, Technical Analysis
EUR/USD Mid-Session Analysis for May 20, 2013
Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.
View all of FX Empire Analyst - Christopher Lewis's Articles
