AUD/USD Forecast April 7, 2016, Technical Analysis

The AUD/USD pair initially fell on Wednesday but found enough support just above the 0.75 level again to bounce. Because of this, it’s very likely that we will continue to go higher forward, but we recognize it will be possibly choppy above. Pay attention to gold markets, if they rally, it’s very likely that the Australian dollar will do so as well. We have no interest in selling this market, we believe that there is more than enough support below to keep this market afloat over the longer term, extending all the way down to the 0.74 level below.