AUD/USD Forecast September 22, 2014, Technical Analysis

The AUD/USD pair fell during the course of the day on Friday, but remains just above the 0.89 handle. That is the last vestiges of support as far as we can see, and if we can break down below there we would more than be willing to start selling this market again. A supportive candle in this region though could have the market consolidating back towards the 0.9050 level, which is something that we are not interested in. It is not until we break above the 0.92 level that we would be interested in buying.

 

AUD/USD Forecast September 22, 2014, Technical Analysis