AUD/USD Forecast June 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 05 June 2016 06:01 UTC
The AUD/USD pair broke out to the upside during the course of the day on Friday, clearing the 0.73 level. In fact, we got fairly close to the 0.74 level, and a move above there would be a buying opportunity for a little bit longer-term move to the upside. I think pullbacks at this point in time will be supported, so with this being the case it’s likely that we will be in a “buy only” type of market going forward as the US dollar is being punished for the anemic jobs number.

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