AUD/USD Forecast March 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 11 March 2016 06:59 UTC
The AUD/USD pair initially tried to break above the 0.75 level again, but struggled as we got up there and ended up turning back around. That being the case, we could not continue the move higher, and it now looks as if we are going to have a real fight on our hands in this general vicinity. With this being the case, we would anticipate some type of pullback from here in order to try to build up enough momentum to finally break out. A move all the way down to the 0.73 level would not be surprise at all, as there is a lot of noise between here and there.



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