AUD/USD Forecast July 19, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 19 July 2016 07:16 UTC
The AUD/USD pair gapped higher at the open on Monday, but then just sat there. Because of this, I don’t put too much stock into the Itself, but I do recognize that the market is trying to go higher. It is going to be choppy between here and there, but I think eventually we could get to the 0.78 handle. Pullbacks at this point in time should continue to find support, and I will look at them as value when it comes to the Aussie dollar. A supportive candle below would be a nice buying opportunity.

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