AUD/USD Forecast Nov. 15th, 2011, Technical Analysis

AUD/USD fell on the Monday session as risk assets sold off around the globe. The pair is highly sensitive to this kind of fear, and sold hard as a result. The parity level below looks very supportive, and the 1.01 level has been pretty active for buyers as well. The market is absolutely out of control in general at the moment, and this pair will be very dangerous as a result. The pair can’t be sold until we are under that parity level, so we are looking to see if there are supportive candles in the near-term.

AUD/USD Forecast Nov. 15th, 2011, Technical Analysis

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