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AUD/USD Forecast 19 Nov 12

AUD/USD Forecast 19 Nov 12
Saturday, November 17th, 2012 @ 2:22 pm by The Geek

Simultaneous Release at
TheGeekKnows.com  Learn Forex Trading and read exclusive EUR/USD Forecast and AUD/USD Forecast Reviews.

Good day forex trading koalas.

Welcome to our forecast on the AUD/USD. In recent times, the markets generally took a crazy ride due to the economic woes of the Euro Zone. Not forgetting the political apprehension from the US. In the last AUD/USD forecast we noted a test on a bullish trend line.

AUDUSD Forecast

Solution : ProRealTime

Looking at the AUD/USD chart above we note that the currency pair fell below the previous bullish trend line after testing the 1.0430 region. It is now testing the 1.0330 region again forming yet another bullish trend line from previous month. ( green ) As i mentioned before, 1.0330 is a very significant technical region for this currency pair and looking at the number of times we visit this line, I LOVE IT WHEN MY CHARTS WORK :)

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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