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AUD/USD Forecast Weekly 25 Mar 13

AUD/USD Forecast Weekly 25 Mar 13
Saturday, March 23rd, 2013 @ 3:40 pm by The Geek

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

Good day forex traders.

In the previous AUD/USD forecast we noted on the positivity of sentiments as the US Non-Farm payroll impresses. Should nothing fundamental changes, we might see 1.0440 as a bullish target for the currency pair.


Technical Analysis

Looking at the AUD/USD daily chart above we do noted that the 1.0440 target was hit. I love it when my charts work ! :)
The currency pair is now at a region where consolidation may happen and hence we should monitor this with the upper limit being right about 1.0480 and respectively lower limit being about 1.0380. Any breech of either the mentioned support or resistance may suggest further momentum.

Don’t miss the fundamental analysis
continue on to for the fundamental analysis of the AUD/USD Forecast Weekly Review to understand more about the underlying market sentiments.

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