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AUD/USD Forecast April 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 06 April 2016 06:02 UTC
AUD/USD pair initially tried to rally during the day on Tuesday but turn right back around to fall into the 0.75 handle. The 0.75 handle has support all the way to the 0.74 level below it, so quite frankly it’s likely that the market will find some type of support in this area, and a bounce or a supportive candle would be reason enough to start going long. The Australian dollar has been fairly strong for some time now, and quite frankly it looks as if it will probably continue given enough momentum.

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