AUD/USD Forecast February 10, 2016, Technical Analysis

The AUD/USD pair initially fell during the course of the day on Tuesday, breaking well below the 0.70 level to test for support. We found quite a bit there, and ended up turning back around to form a hammer. That’s obviously very bullish sign, but at the end of the day we recognize that there is still quite a bit of noise above as well. With that, we are simply sitting on the sidelines at this point in time, waiting for a longer-term signal to start following again. We will keep you informed. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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