Full Release at
TheGeekKnows.com Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.

Good day readers.

In the previous AUD/USD forecast we noted that the currency pair indeed went for an unprecedented low. Many of our readers wrote in to share that they earned a lot. That was excellent news. From a technical point of view, the currency pair remained bearish. The lower bollinger band was steep. The AUD/USD tested 0.69 and had since eased above 0.7. Any downwards pressure would likely test 0.69 again. A bullish recovery would likely test 0.725.

(null)

Technical Analysis

Looking at the AUD/USD daily chart above we note that the currency pair did test the resistance of 0.725 as expected and had earlier made a push for 0.69. Many readers were pleased with the clockwork outcome. :)

Don’t miss the full forecast. Continue on to TheGeekKnows.com for the full technical analysis and the fundamental analysis of the AUD/USD Forecast Weekly Review to understand more about the underlying market sentiments.

FX Instructor Forex Blog – For Traders, By Traders

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.