AUD/USD Forecast April 20, 2017, Technical Analysis

The AUD/USD pair fell significantly during the day, testing the 0.75 level. There is a significant amount of support just below though, so if we do breakdown it’s going to be a difficult market to sell. If we break below the 0.7450 level, I think that the market will then go down to the 0.74 handle. Any bounce from here could be a selling opportunity at the upside, on signs of exhaustion. If we can break above the top of the shooting star from the Monday session, then it becomes a market that you want to start buying.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com