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AUD/USD forecast for the week of December 28, 2015, Technical Analysis
Updated: Dec 26, 2015, 05:52 GMT+00:00
The AUD/USD pair broke higher during the course of the week, but remains within the ascending triangle that we’ve been in for some time. Because of this,
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The AUD/USD pair broke higher during the course of the week, but remains within the ascending triangle that we’ve been in for some time. Because of this, we are not ready to place a trade quite yet, but if we can break above the 0.74 level, we feel that the market will have broken out at that point. On the other hand, if we get some type of resistive candle, we would be willing to sell in that area also. We are going to have to wait until we get some type signal.
About the Author
Christopher LewisSenior Analyst
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.
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