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AUD/USD Forecast Review 23 Dec 11



Good day forex traders.


In the previous AUD/USD forecast review, we noted that the immediate target for any bullish momentum may be the 1.0260 region. Equity indexes were green and this suggests possible risk appetite.





Looking at the AUD/USD 4H chart above, we noted that a previous attempt to hit the target area fail. Nonetheless, there seems to be an immediate support around the 1.0071 region and the bullish breakout may be still on track. 


From a sentiments perspective, the latest US jobless claims was lower than expected and this is fueling demand for riskier assets. Equity indexes are green now after an earlier red Asian session. Look towards the equities market for clues on sentiments.


Trade Safely.




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