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.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com