AUD/USD Forecast April 22, 2016, Technical Analysis

The AUD/USD pair fell during the course of the day on Thursday, as the 0.78 level offered enough resistance to turn the market back around. Ultimately though, there is quite a bit of support just below so we are simply waiting to see whether or not we get a supportive candle that we can serve buying. At this point, we will wait until we get a daily candle that suggests that we are going to do that, as we believe that the market is going to continue to go to the 0.80 level.