AUDUSD Daily Forecast Feb 17

0
158
Minors - 956854 (1)

The AUDUSD maintained a bullish momentum last Friday , bottomed at the 0.8965 levels , and topped at the 0.9043 levels . This development leaves the pair targeting the 0.9066 levels where a breach is likely , If seen , the pair will target the 0.9150 levels , break of 0.9150 will open 0.9280 next, further out will aim the 0.9430 levels.

Alternatively , a failure to hold above the 0.9066 levels , could mean a return to the 0.8965 levels , losing the 0.8965 levels on a daily closing basis will signal short term topping and reverse risks towards the  0.8872 levels , a cut will put 0.8730 in sight .

In all , as long as support 0.8965 holds , the AUDUSD is likely to return to its short term upside bias with risk towards the 0.9150 levels ahead of the 0.9280 levels , losing the 0.8965 levels on a daily closing basis will reverse risks to the downside towards the 0.8872/8730 levels.

AUDUSD Daily Forecast Feb 17

MARKET DATA

UPCOMING ECONOMIC EVENTS