AUD/USD Forecast October 17, 2016, Technical Analysis

The AUD/USD pair broke higher during the course of the day on Friday, clearing the top of the hammer from the Thursday session. That being the case, the market looks as if it is going to go to the 0.7650 level. This is a very bullish looking candle, and as a result it looks as if every time we pullback there should be buyers in this market, at least until we get to the 0.77 level. I believe that the 0.75 level below is massively supportive. It’s not until we break down below there that I would consider selling.