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Australian Dollar Forecast: AUD/USD Bulls at Make-or-Break Resistance
The Australian Dollar rallied nearly 6.5% off the October / yearly-lows with AUD/USD faltering at a major resistance zone on the heels of a three-week rally. The battle-lines are drawn into the December-open with the RBA interest rate decision and US Non-Farm Payrolls on tap next week. These are the updated targets and invalidation levels that matter on the AUD/USD weekly technical chart. Technical Outlook: In my last Australian Dollar Technical Forecast we noted that AUD/USD had, “staged a reversal off downtrend support with the rally taking out the October range highs. From a trading standpoint, losses should be ... (full story)