AUD/USD Forecast July 4, 2016, Technical Analysis

The AUD/USD  rose slightly during the Friday, testing the 0.75 level. However, price did not break above it and there is a shooting star from the previous week to worry about. With that in mind, I think we could rally, but it’s going to be  subdued to say the least. Also there is a significant amount of support below, especially near the 0.7350 level, so at this point sentiment stays bullish.