AUD/USD Forecast October 5, 2016, Technical Analysis

The Australian dollar fell during the day on Tuesday, as we continue to consolidate around the 0.7650 region. At this point in time, I very comfortable sitting on the sidelines as I don’t think there’s much of a trade here to be had. Gold plummeted during the day, but it must be said that the Australian dollar was at least remotely stable, so I wonder at this point in time but will move this market? With this, I will simply wait for an impulsive candle in one direction or the other in order to place money in this market.