AUD/USD Forecast February 23, 2016, Technical Analysis

The AUD/USD pair rose higher during the course of the session on Monday, testing the bottom of the uptrend line that had recently been so supportive. Ultimately, we want to see an exhaustive candle so we can search selling, or a break above the top of the range for the day on Monday in order to start buying. Pay attention to what happens next, it’s probably going to be the signal that we need to see in order to make a trade in this particular marketplace. We should see volatility regardless when it comes to the Aussie.