AUD/USD Forecast September 11, 2013, Technical Analysis

The AUD/USD pair rose during the session on Tuesday, as we managed to slam into the 0.93 handle. This level is the top of a larger consolidation box, so we are deftly watching this candle with great interest. If we managed to break above the top of the Tuesday range, we think this market will continue higher, probably heading the 0.95 handle. However, if we find a nice resistive candle in this general vicinity, we think that a pullback to the 0.89 handle will be very likely. Either way, today’s candle should be very telling.

 

AUD/USD Forecast September 11, 2013, Technical Analysis
AUD/USD Forecast September 11, 2013, Technical Analysis

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