AUD/USD Forecast November 28, 2016, Technical Analysis

AUD/USD daily chart, November 28, 2016AUD/USD daily chart, November 28, 2016

The AUD/USD pair initially rallied on Friday but gave back about half of the gains. We did not form a shooting star, but something close to it. I believe that given enough time we will break down and drop from here. I have no interest in buying the Aussie dollar, because the gold market is so negative and of course has a great influence on the Australian dollar longer-term. I believe now, the only thing you can do is sell the Aussie, and because of that I am not even looking at buying anytime soon.