AUD/USD Forecast December 12, 2016, Technical Analysis

The AUD/USD pair trying to rally on Friday, but found the 0.75 level above to be far too resistant. The shooting star suggested quite a bit of negativity, and as a result I think that we will continue to go back and forth between the 0.74 and 0.75 above. Given enough time though, it looks as if we are going to fall from here and resources 0.73 level. The gold market of course has quite a bit of influence on this pair, so having said that if it falls, I’m going to start shorting the Aussie immediately. - 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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