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
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
