AUD/USD Forecast March 24, 2016, Technical Analysis

The AUD/USD pair fell during the course of the day on Wednesday, as we look ready to test the 0.75 level for support. We believe that the support extends all the way down to the 0.74 level below there, so any type of supportive candle between here and there would be an opportunity to start going long. Keep an eye on the gold markets, as they do have an influence on the value of the Australian dollar, and it should be noted that they were very negative during the day on Wednesday. However, just as this currency pair is, the gold markets are currently testing significant support.