Christopher Lewis
Add to Bookmarks

The AUD/USD pair tried to rally, but gave back about half of the gains. However, the 0.88 level looks to be somewhat resistive, and we think that there is a significant amount of resistance all the way down to the 0.90 level. With that, we are selling resistive candles as they appear, unless of course we get above the 0.90 level, which of course would be a very bullish move. At this point time though, it appears that the gold markets could possibly try to break out to the upside, and if they do it should push the Australian dollar higher. On the other hand, if they fall, that should push this pair lower.


Know where the Market is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

AUD/USD Forecast October 14, 2014, Technical Analysis

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker