AUD/USD Forecast December 20, 2016, Technical Analysis

The AUD/USD pair initially trying to break back above the 0.73 level, but at this point it’s likely that the market will continue to drop from here. After all, we couldn’t hang onto the gains, so with this it’s only a matter of time before we reach down to the 0.70 level below. It is a market that will continue to fall due to the gold markets been so soft, so I believe that the market will be one that you can sell every time it rallies on short-term charts. I have no interest in buying this market, as the US dollar is the strongest currency in the world. - 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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