AUD/USD Forecast November 10, 2016, Technical Analysis

The AUD/USD pair initially tried to break out above the 0.775 level on Wednesday, but found enough volatility and more importantly resistance to turn the market back around. The market looks absolutely exhausted though, and as a result I think what we’re going to see next is a simple continuation of what is been going on to begin with. A gradual climb higher. As long as we do not make a break below the bottom of the candle from the Wednesday session, I believe that short-term buying opportunities exist. I have no interest in selling until we break down from there.

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