AUD/USD Forecast July 12, 2016, Technical Analysis

The AUD/USD pair initially tried to rally but then turn right back around during the day on Monday to turn back around and reach towards the 0.75 level. Any type of supportive candle in this general vicinity should be a potential buying opportunity, and I also see that there is quite a bit of support below here as well. With this, I believe that the market will eventually go higher, but it’s going to be more of a grind and it is most certainly going to be volatile. With this, you will have to be very patient.