Advertisement
Advertisement

AUD/USD forecast for the week of November 30, 2015, Technical Analysis

By:
Christopher Lewis
Published: Nov 28, 2015, 05:45 UTC

The AUD/USD pair initially tried to rally during the course of the week but found enough resistance near the 0.73 level to turn things around and form a

AUD/USD forecast for the week of November 30, 2015, Technical Analysis

The AUD/USD pair initially tried to rally during the course of the week but found enough resistance near the 0.73 level to turn things around and form a shooting star. The shooting star of course is a negative sign and should send this market back down to the 0.70 level, but it might take a while to get there. This is a very tight market and therefore we are not fans of trading from a longer-term perspective. We are going to stick towards the short-term charts in order to start selling again.

 

audusdWEEK

About the Author

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.

Did you find this article useful?

Advertisement