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AUD/USD Forecast March 4, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 04 March 2016 06:05 UTC
The AUD/USD pair broke higher during the course of the session on Thursday, as we have cleared a massive resistance barrier in the form of the previous uptrend line. Because of this, the market looks as if it is ready to continue going higher, but we need to see some type of pullback in order to pick up a little bit of value. Ultimately, this market should continue to go higher but it needs to pullback in order to continue to gather momentum and therefore push this currency much higher. We have noticed whatsoever in selling at the moment as we have certainly shown quite a bit of a bullish bias.

 

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