AUD/USD Forecast March 31, 2016, Technical Analysis

The AUD/USD pair initially rose during the course of the day on Wednesday, but turn right back around to form a bit of a shooting star. The shooting star of course is near the top of the recent trading range now, so if we can break below the bottom of the shooting star, we will more than likely pullback to go and find support at the 0.75 level or even above. On the other hand, if we break above the top of the shooting star for the day, we will more than likely see the Australian dollar reach towards the 0.80 level.