AUD/USD Forecast June 1, 2015, Technical Analysis

The AUD/USD pair fell slightly during the course of the session on Friday, showing a little bit of weakness. However, we have plenty of support below so we are hesitant to sell. In fact, we hope to see some type of rally that fails in order to start selling again. We have no interest in buying, as this market is so negative overall. We believe that rallies offer value in the US dollar, and will treat them as such. Ultimately, we believe that the real support is somewhere near the 0.75 handle.