AUD/USD Forecast July 3, 2017, Technical Analysis

AUD/USD daily chart, July 03, 2017

The Australian dollar rallied initially during the day, testing the 0.77 level above. We pulled back though, and now looks like the 24-hour exponential moving average is trying to offer dynamic support that should push the market to the upside. With this in mind, I think we go to much higher levels, and if we can break above the 0.7750 level, I believe that the market will eventually go looking for the 0.0 level above which is an important level on longer-term charts, and should continue to be the target in the near term.

Written by FX Empire