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AUD/USD Forecast 27 August 12
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Good day forex traders and koalas!
In the previous AUD/USD forecast we noted that the currency pair faced uncertainty as the Australian treasury themselves seemed to suggest that a stronger Australian dollar was not desired.
Solution: ProRealTime
Technical Analysis
Looking at the AUD/USD daily chart above, we noted that the currency pair is back at the 1.4030 resistance region. This week’s trading range is similar to the previous week and this suggests apprehension. If this resistance region fails, we may see an extended bearish target of 1.02.
Don’t miss the fundamental analysis,
continue on to TheGeekKnows.com for the fundamental analysis of the AUD/USD Forecast Weekly Review to understand more about the underlying market sentiments.
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2012-08-25 07:29:43
Source: http://www.fxinstructor.com/blog/audusd-forecast-27-august-12
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