AUD/USD Forecast January 23, 2017, Technical Analysis

AUD/USD daily chart, January 23, 2016

The AUD/USD pair went back and forth during the day on Friday, as we continue to see support at the 0.75 handle underneath. If we can break down below there, the market will go much lower but I do recognize that there is a lot of support underneath. Because of this, it would be a messy move. If we can break above the top of the candle for the session on Friday, the market then will more than likely try to reach towards the 0.7750 level above. Either way, pay attention to the gold market as it has such an influence on the Aussie.

Written by FX Empire