AUD/USD Forecast December 30

  • Rate this Story
  • 0
  • 0

By ltan | December 29, 2013 6:49 AM EST

Fx Instructor

Simultaneous Release at

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

Good day forex traders and readers.

In the previous AUD/USD forecast we noted that the 0.89 would probably be a strong support. Should bullish correction persist, we might consider a target of just above 0.9. Fundamental conditions remained weak.

Technical Analysis

Looking at the AUD/USD daily chart above we note that the currency pair failed to gain bullish momentum and slowly slipped lower throughout the trading week.

0.89 continues to play a pivotal role and the currency pair is now slightly below it. I would not rush to presume that this is an indication of a failure in support. I recommend more monitoring to see if the AUD/USD dips lower.

  • Rate this Story
  • 0
  • 0
For more forex information, go to FxInstructor.com.

Join the Conversation

IBTimes TV
E-Newsletters

We value your privacy. Your email address will not be shared.