AUD/USD Forecast July 6, 2015, Technical Analysis

The AUD/USD pair fell during the course of the session on Friday, testing the 0.75 handle. This is an area that is supportive based upon the large, round, psychologically significant number, and of course an area that has both been supportive and resistive in the past. With that, a bounce from here would be a nice buying opportunity for short-term traders only. On the other hand, a break down below the 0.75 level has us selling the Australian dollar yet again as the longer-term trend continues to the downside. We are sellers all things being equal.