AUD/USD Forecast December 26, 2016, Technical Analysis

The Australian dollar fell during the Friday session, as we continue to see quite a bit of negative pressure and the Aussie. The market should then reach to the 0.70 level underneath, which of course is a large, round, psychologically significant number. With this in mind, I believe that it’s only a matter of time before sellers return every time we start to rally. I think exhaustive candles at higher levels offer nice selling opportunities offer short-term charge, but this time year tends to be quiet so looking for massive moves is probably asking quite a bit.

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