The AUD/USD pair initially fell slightly during the course of the session on Thursday, but found enough support to turn things back around and break a
The AUD/USD pair initially fell slightly during the course of the session on Thursday, but found enough support to turn things back around and break a little higher. With this, we realize that a bounce could be coming, but eventually we would anticipate seen some type of resistant candle in order to start selling again. After all, commodities have been soft, and the Australian dollar of course is highly susceptible to commodity markets in general. With this, we are going to wait to see if we get an exhaustive candle and then start selling.
AUD/USD Forecast August 28, 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.
