AUD/USD Forecast April 27, 2016, Technical Analysis

The AUD/USD pair tried to rally during the day on Tuesday, but failed to hang onto about half of the gains. This is a relatively weak looking candle, and with that being the case it looks as if the Australian dollar will perhaps soften a bit here, but ultimately is still very much in an uptrend and there is plenty of support just below. If gold markets can take off to the upside after the FOMC Statement today, that could give us a little bit of a boost in the Aussie dollar as well.