The AUD/USD pair rose during the course of the week, as we continue to see a bit of support near the 0.70 level. With this being the case, we think it’s
The AUD/USD pair rose during the course of the week, as we continue to see a bit of support near the 0.70 level. With this being the case, we think it’s only a matter time before the sellers will enter the market though, as we see a significant amount of resistance near the 0.74 level. Ultimately, we are looking for some type of resistant candle in order to start selling, but right now obviously do not have it. We may have to look to shorter-term charts in order to do that though.
AUD/USD forecast for the week of November 23, 2015, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
