AUD/USD Forecast August 23, 2016, Technical Analysis

The AUD/USD pair went back and forth during the course of the session on Monday, but eventually ended up forming a positive candle. With that being the case, the market looks as if it is trying to go higher over the longer term, but it will be difficult to break down to a fresh new high as we have seen quite a bit of noise around the 0.7675 area. At this point in time, I have no interest whatsoever in selling this market as there is so much in the way of support below.