AUD/USD Forecast June 14, 2016, Technical Analysis

The AUD/USD pair rallied during the course of the session on Monday, but turned back around to form a bit of a shooting star. However, I do see quite a bit of noise just below, so I’m not necessarily interested in selling. If we can break above the top of the shooting star during the course of the session from Monday, I would be a buyer as the market would show a significant amount of bullish pressure. There’s so much noise below that I’m going to forgo any selling opportunities at this point.

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