AUD/USD Forecast February 4, 2016, Technical Analysis

During the session on Wednesday, the Australian dollar absolutely exploded off of the 0.70 handle. However, there is an RBA Monetary Policy Statement coming out after the end of the session, so we could get a bit of volatility. Simply put, if we can find this market closing above the uptrend line that has previously been planted on this chart, we would be buyers. On the other hand, if we get an exhaustive candle we would be sellers. Regardless, there will be easier trades to take against the us dollar the moment that won’t have central bank interference. - 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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