AUD/USD Forecast Nov. 24th, 2011, Technical Analysis

The AUD/USD pair fell apart on Wednesday as traders are decidedly dumping the riskier assets in the markets. The Aussie is highly sensitive to global risk appetite, and as such should continue to fall. We believe at this point you simply cannot buy this pair, and every rally should be viewed as a potential selling opportunity. The lows at 0.9350 are calling, and we think this pair will visit that area before it sees a level greater than parity.

AUD/USD Forecast Nov. 24th, 2011, Technical Analysis AUD/USD Forecast Nov. 24th, 2011, Technical Analysis

Leave a Reply

Your email address will not be published. Required fields are marked *