The AUD/USD pair had a volatile session on Friday, forming something a can to a shooting star, but I think that the 0.75 level is going to be massively supportive. If we break down below it, we should then go looking for even more support at the 0.74 level. If we can break above the 0.76 level, I think that the Australian dollar will then reach towards the 0.7750 level. Pay attention to gold, as the direction of that market will more than likely determine the direction of this one. Either way, expect choppiness.
Written by FX Empire