wrapper

AUD/USD Weekly Forecast – 26 October – 30 October

Friday, Oct 23 2015

Aussie spent last week being traded in a consolidation range between 0.7180 and 0.7310 level. This consolidation does not come as a surprise after recent large uptrend. However, this is also a sign that there is no clear trend for the pair at the moment. With that being the case we can expect that this trend will become more clear after next week's Australian CPI data. Weaker than expected

figures should push pair all the way to 0.71 handle, while better than forecasted data would bring incline to the pair, with initial resistance around 0.73 handle and 0.7340 level in extension. On a long-term basis. On a long-term basis, we would remain on the sidelines for this pair. Long-term forecast predict that pair will end year around 0.70 handle and with speculations that RBA will cut interest rates further this does not impossible. Moreover, there is a possibility that pair will go even lower to 0.68 handle. However, we would not start selling the pair as long as we do not see break below 0.71 handle. Buying is not an option at the moment.

More in this category: « EUR/USD Weekly Forecast – 19 October – 23 October GBP/USD Weekly Forecast – 26 October – 30 October »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.