AUD/USD Forecast December 16, 2016, Technical Analysis

The AUD/USD pair fell during the day on Thursday, reaching towards the 0.73 level below. That is an area of that is massively supportive, but I think we will break down below there given enough time. Anytime we rally should be an opportunity to sell on signs of exhaustion. A break down below the 0.73 level should send this market looking for the 0.70 level which is a very reasonable assumption, due to the fact that the gold markets or falling apart and should continue to do so as the US dollar is favored overall. - 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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