AUD/USD Forecast December 15, 2016, Technical Analysis

The Australian dollar went back and forth during the day on Wednesday, breaking above the 0.75 level. At this point, a rally will continue to face a little bit of trouble above, but more importantly you have to pay attention to the gold market, which has such a massive influence on the Australian dollar. An exhaustive candle above tells me to start selling, but it looks as if in the short term the Australian dollar will continue to gain, albeit very choppy. If we can break down below the bottom of the session on Wednesday, we can turn things back around and start dropping towards the 0.74 handle. - 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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