AUD/USD Forecast April 20, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 20 April 2016 06:29 UTC
The AUD/USD pair rallied initially during the course of the session on Tuesday, as we continue to see bullish pressure jump into the market. Given enough time, the market should perhaps even break higher but we also recognize that the gold markets might have something to say as well, as they tend to have a large influence on what happens with the Australian dollar. With this, we are bullish but also recognize that you may have to deal with pullbacks from time to time. We think of those as value in this pair though.

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