AUD/USD Forecast November 22, 2016, Technical Analysis

The Australian dollar rally during the day on Monday, as we continue to see a bit of a bounce later in the session. This is a market that has a significant amount of bearish pressure above it though, and I believe that the 0.7450 level above will act as a bit of a “ceiling” in this market. Any exhaustive candle between here and there is a selling opportunity from what I can see. I think that we will eventually reach down to the 0.70 level below as the Australian dollar continues to suffer. - 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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