AUD/USD Forecast June 5, 2015, Technical Analysis

We AUD/USD pair fell slightly during the session on Thursday, but still hasn’t completely wiped out the gains from Tuesday. With that being the case, we feel that there is significant support just below, near the 0.76 level. In fact, we would be buyers of the Australian dollar if we get some type of shorter-term supportive candle after the jobs numbers out of America. On the other hand, if we break down below there, we feel that the market will probably head to the 0.75 level, but will be far too choppy to be bothered with.

 

AUD/USD Forecast June 5, 2015, Technical Analysis