AUD/USD Forecast October 14, 2016, Technical Analysis

The Australian dollar fell significantly during the day on Thursday, reaching down towards the 0.75 level below, which of course is a fairly supportive and large number for the market to deal with. Ultimately, we ended up forming a bit of a hammer which of course is a very bullish sign. That bullish sign should trigger some buying on a break above the top of the hammer, and that could very possibly send this market all the way to the 0.77 handle after that. With this, a break down below the 0.75 level would be very negative. - 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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