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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.


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.

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