AUD/USD Forecast April 1, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 01 April 2016 05:53 UTC
The AUD/USD pair initially tried to rally during the course of the session on Thursday, but turn right back around to form a shooting star. With that being the case, the market looks as if it will pull back next, but it would not surprise us at all to see the buyers return to this market as the 0.75 level below as the beginning of a significant supportive area that extends all the way down to the 0.75 level. If we break above the top of the shooting star, that’s also a buying opportunity as well.

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