AUD/USD Forecast Nov. 23rd, 2011, Technical Analysis

AUD/USD fell again on Tuesday, albeit only by a small amount. The pair looks vulnerable at the moment, and the “risk off” attitude of the global markets will not be very conducive to the buying of the Aussie dollar. However, we do see a lot of support between present levels and the 0.95 level, and therefore will be selling rallies, not shorting here. Buying isn’t possible with all of the headline risks out there presently.

AUD/USD Forecast Nov. 23rd, 2011, Technical Analysis AUD/USD Forecast Nov. 23rd, 2011, Technical Analysis

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