AUD/USD Forecast April 11, 2014, Technical Analysis

The AUD/USD pair rose during the session on Thursday, touching the 0.9450 level at one point during the day, but pulling back enough to form a shooting star. The shooting star suggests that we are in fact going to pull back from here, but we think that a pullback to the 0.93 handle would be very healthy, and should bring more buyers back into the marketplace. Ultimately, we think this market goes to the 0.95 handle, but it may have gotten a little bit ahead of itself over the last two or three sessions.