AUD/USD Forecast March 21, 2014, Technical Analysis

The AUD/USD pair initially fell on Thursday, but found enough support at the 0.90 level in order to bounce and form a hammer. This of course is a very bullish sign, and as a massive large round number sits here, it makes sense of the market is probably going to go higher. If this market breaks the top of the hammer, we believe that this market will then in fact head to the 0.9150 level in the short-term. The market is starting look more and more bullish, so therefore we believe in buying at the moment.

 

AUD/USD Forecast March 21, 2014, Technical Analysis