AUD/USD Forecast March 16, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 March 2016 06:37 UTC
The AUD/USD pair fell during the course of the session on Tuesday, as we enter the support zone that we had talked about previously, which extends all the way down to the 0.74 level. A supportive candle in this area should be a reason to start going long, or perhaps just a bounce above the 0.75 handle. Pay attention to the gold markets though, if they star rising again, that should drive the value of the Aussie higher. With the FOMC Meeting Minutes coming out today, it could have a massive amount of influence on the value of the US dollar, which of course will affect this pair.



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