AUD/USD Forecast February 15, 2017, Technical Analysis

The AUD/USD pair initially tried to rally during the day on Tuesday but found enough resistance above to turn things around and form and exhaustive candle. The exhaustive candle course suggesting that we could go lower from here and I would have to mention that the Congressional testimony by Janet Yellen of course would have made some differences, but I still believe that the 0.76 level below will offer support. I believe that the trend won’t change, but the volatility could very well pick up. I think there is a massive amount of support all the way down to at least the 0.75 handle, so that of course is a sign that the buyers should continue getting aggressive.

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