AUD/USD Forecast June 15, 2016, Technical Analysis

The AUD/USD pair went back and forth during the day on Tuesday as we continue to bang around just below the 0.74 level. We are currently sitting right at the 50 day exponential moving average, and of course there is support just below. With that being the case I think that there is enough noise in this market that it’s probably best left alone, and at this point in time I will have to look at the daily closes coming up in order to formulate some type of opinion. Currently, I sit on the sidelines. - 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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