AUD/USD Forecast March 8, 2016, Technical Analysis

The AUD/USD pair continued to break higher during the course of the day on Monday, testing the 0.75 level. If we can break above there, we should continue to go much higher, but quite frankly we are a bit overextended at this point so we will have to wait to see whether or not a pullback occurs that we can take advantage of as it would offer value in what is obviously a massive break out to the upside. We have no plans to sell at this point in time, and believe that the trend has turned around.