AUD/USD Forecast 6 April 15

(Before It's News)

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Good day forex traders and readers.

Welcome to our AUD/USD forecast. We last visited this currency pair sometime back and it has made good progress.

Technical Analysis

Looking at the AUD/USD weekly chart above we note that the currency pair has been on a steady bearish down trend since September last year. I am maintaining a position from just above 0.9 and I am contented. I did take some profit as I believe in proper money management. A few readers wrote in to express their thanks and all I can say is I am happy for you all!

The technical chart above suggests a significant support at the region of 0.7620. I am not a big risk taker and hence I am looking at this level closely to monitor the price action.

Any bullish recovery may target 0.7780.

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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