AUD/USD Forecast June 15, 2016, Technical Analysis

The AUD/USD pair went back and forth during the day on Tuesday as we continue to bang around just below the 0.74 level. We are currently sitting right at the 50 day exponential moving average, and of course there is support just below. With that being the case I think that there is enough noise in this market that it’s probably best left alone, and at this point in time I will have to look at the daily closes coming up in order to formulate some type of opinion. Currently, I sit on the sidelines.