AUD/USD Forecast May 4, 2016, Technical Analysis
The AUD/USD pair fell significantly during the course of the session on Tuesday, crashing into the 0.75 support level. I believe that there is support all the way down to the 0.74 level, so a supportive candle could be reason enough to start buying if we get one on a
Most Popular
The AUD/USD pair fell significantly during the course of the session on Tuesday, crashing into the 0.75 support level. I believe that there is support all the way down to the 0.74 level, so a supportive candle could be reason enough to start buying if we get one on a daily close. In the meantime, it’s probably best to step away from the Australian dollar as the Reserve Bank of Australia surprise the markets with an interest-rate cut yesterday. With this, we will continue to monitor the Australian dollar, but stand on the sidelines currently.
Advertisement
Know where Markets is headed? Take advantage now with
Your capital is at risk