AUD/USD Forecast July 7, 2016, Technical Analysis

The AUD/USD pair initially fell during the course of the day on Wednesday but turn right back around to break above the 0.75 level. With this, I do believe that the Australian dollar will more than likely go higher given enough time. In the meantime, expect a lot of volatility due to the snapback that we saw a couple of weeks ago by forming a massive shooting star. Pullbacks that show signs of support below could be buying opportunities but quite frankly this is going to be a very volatile market in this particular area.