AUD/USD Forecast July, 25, 2016, Technical Analysis

The AUD/USD pair fell during the course of the day on Friday, as we continue to see this market soften. However, there is quite a bit of support just below as there is quite a bit of bearish pressure on the Aussie at the moment. The US dollar is starting to strengthen, but given enough time it looks as if the gold markets could turn around, and if they do the Australian dollar may get a little bit of a left. I believe that this is a very volatile market, so having said that it’s difficult to trade.