AUD/USD forecast for the week of August 25, 2014, Technical Analysis
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The AUD/USD pair fell during most of the week, but found enough of a bounce just above the 0.92 level to form a nice-looking hammer. Because of this, we believe that the market probably going to bouncer here, but ultimately we also believe that it will stay within the consolidation area, meaning that it will not get above the 0.95 level, and probably stop at the 0.9450 region. With that, we do not see a long-term set up at this point in time, and therefore are avoiding long-term trades.
AUD/USD forecast for the week of August 25, 2014, Technical Analysis
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AUD/USD forecast for the week of August 25, 2014, Technical Analysis
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