AUD/USD Forecast June 6, 2016, Technical Analysis

The AUD/USD pair broke out to the upside during the course of the day on Friday, clearing the 0.73 level. In fact, we got fairly close to the 0.74 level, and a move above there would be a buying opportunity for a little bit longer-term move to the upside. I think pullbacks at this point in time will be supported, so with this being the case it’s likely that we will be in a “buy only” type of market going forward as the US dollar is being punished for the anemic jobs number.