AUD/USD Forecast 20 July 15

ByFXOpen

Jul 18, 2015 $, dollar, euro, forex

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In the previous AUD/USD forecast we noted that the currency pair was bearish for the week. The forecasted bearish indication was accurate and the AUD/USD went below 0.75. A look at the zoomed out chart suggested an extended bearish target at 0.72.

Technical Analysis

Looking at the AUD/USD weekly chart above we note that the currency pair was again bearish for the week. It is now at 0.7369 and below the bottom bollinger band.

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