AUD/USD Forecast November 25, 2016, Technical Analysis

The AUD/USD pair fell at the open on Thursday but then bounced a bit to challenge the 0.74 handle. There is a significant amount of resistance above and extending all the way to the 0.75 level, so quite frankly it’s only a matter of time before the sellers come back as far as I can see. I have no interest in buying this market, and simply look for exhausted to continue to sell as not only the US dollar continues to strengthen, the goal markets have fallen below the vital $1200 support level.