AUD/USD Forecast October 1, 2015, Technical Analysis

The AUD/USD pair went back and forth during the course of the day on Wednesday, testing the 0.70 level for support. Ultimately though, this market will probably be fairly quiet during the session today, as the jobs number coming out of the United States will more than likely be the biggest mover. That of course isn’t until tomorrow, so with that being said the Australian dollar will probably be a fairly quiet market. Quite frankly though, we feel that sooner or later a rally will return a selling opportunity and a market place that most certainly has massive bearishness.