AUD/USD Forecast April 8, 2014, Technical Analysis

The AUD/USD pair fell during the session on Monday, but found the 0.9250 level supportive enough to keep the market afloat. Because of this, we feel that this market is ready to continue going higher, not to mention the fact that the New Zealand dollar looks very similar, well supported. Because of that, we feel that the commodity dollars in general should do fairly well, and the Aussie by extension should also. A break above the recent high from the Friday session is exactly what we need in order to start buying the Australian dollar again.