AUD/USD Forecast August 8, 2016, Technical Analysis

The AUD/USD pair went back and forth during the course of the session on Friday, as we got stronger than anticipated jobs numbers coming out of the United States. However, this is a market that has been rallying for some time now, and of course tends to follow the gold markets overall. The gold markets have been fairly bullish, so having said that I feel it’s only a matter of time before we continue going higher as the Australian dollar will benefit from that market. Pullbacks at this point in time should attract buyers.