AUD/USD Forecast June 17, 2016, Technical Analysis

The AUD/USD pair fell rather significantly during the course of the day on Thursday but found enough support down at the 0.73 level to turn things back around and form a hammer. The hammer of course has significance as it should be a positive sign, so we can break above the top of the range we might be able to reach towards the 0.75 handle. However, I don’t like the risk to reward ratio so I will simply sit on the sidelines at this point in time and wait for a better signal. - 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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