AUD/USD Forecast November 30, 2016, Technical Analysis

The AUD/USD pair fell during the Tuesday session, but found buyers below the 0.7450 level. We are testing the 0.75 handle, which I believe will be rather resistive. If we see gold markets bounce, then we will more than likely see the same thing here. On the other hand, if we can break down below the bottom of the range for the day on Tuesday, I feel that the market will continue to drift lower, perhaps reaching towards the 0.73 level below. With this in mind, I have no interest in placing a trade until I get a daily close that confirms one direction or the other.

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