AUD/USD Forecast February 19, 2016, Technical Analysis

The AUD/USD pair went back and forth during the course of the day on Thursday, as we continue to bang around just below the 0.72 handle. Because of this, the market should eventually have to make a decision, but at this point in time it looks like dead money. We have no interest whatsoever in buying or selling this market, although we do recognize that more than likely we could drop from here in the short-term. There are simpler trades out there to take, and certainly this point in time the lack of motion in this market will continue to be difficult to deal with.