AUD/USD Forecast July 13, 2016, Technical Analysis

The AUD/USD pair broke out to the upside during the course the day on Tuesday, forming a very strong candle as we crashed into the 0.7650 level. Because of this, if we continue to go higher and break above the top of the candle for the Tuesday session, I believe that we will continue to see bullish pressure. Pullbacks at this point in time should have plenty of support all the way down to at least the 0.75 level, so having said that, I believe that pullbacks to show support are buying opportunities as well.