AUD/USD Forecast October 12, 2016, Technical Analysis

The AUD/USD pair broke down below the bottom of the shooting star from the Monday session during the Tuesday trading hours. It looks as if we are going to reach down to the 0.75 level below, and as a result it looks as if we are going to continue to go little bit lower, and perhaps even lower than that. Any type of rally at this point in time will more than likely end up printing a fairly exhaustive candle on a short-term chart that I can search selling. I have no interest in buying at all.

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