AUD/USD Forecast July 20, 2016, Technical Analysis

The AUD/USD pair fell significantly during the day on Tuesday, as we broke below the 0.75 level at one point. However, we did bounce a bit towards the end of the day so I think that it’s only a matter of time before the market turned back around from what I can see. A supportive candle would be reason enough to go long and then perhaps try to reach back towards the 0.7650 level. If we can break down below the bottom of the range for the day though, I would be a seller as the market should rollover and reach towards the 0.73 handle.