AUD/USD Forecast May 30, 2016, Technical Analysis

The AUD/USD pair fell slightly during the course of the session here on Friday, as we continue to see quite a bit of negative pressure. With this being the case, we believe that rallies will continue to be selling opportunities on signs of exhaustion, and of course a break down below the bottom of the range for the week, we could see quite a bit of downward pressure continue. Rallies could happen, but ultimately, it’s likely that the sellers will return again and again, as the 0.73 level above will continue to be resistance.