AUD/USD Forecast October 25, 2016, Technical Analysis

The Australian dollar initially tried to rally on Monday but turned right back around and sold off all of the gains. It appears that we will probably try to reach down towards the bottom of the recent consolidation area, which would have the Aussie trading somewhere closer to the 0.75 handle. I have no interest in going long at the moment, unless of course we break above the top of the shooting star from the session on Monday which would be a very bullish sign, and perhaps could send this market looking for the 0.77 handle. Either way, these are going to be short-term trades.

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