AUD/USD Forecast June 9, 2016, Technical Analysis

The AUD/USD pair broke higher during the course of the day on Wednesday, as we continue to see bullish pressure on the Australian dollar itself. Gold markets had a very good day, so that should transfer into a stronger Aussie dollar anyway. With that being the case, short-term pullback moves should be thought of as an opportunity to pick up a little bit of value. The 0.74 level below should be very supportive; so therefore I have no interest whatsoever in selling this market as it looks so healthy. In fact, I would not be surprised at all to see this market eventually grind its way to the 0.7850 level.