AUD/USD Forecast November 30, 2016, Technical Analysis

AUD/USD daily chart, November 30, 2016

The AUD/USD pair fell during the Tuesday session, but found buyers below the 0.7450 level. We are testing the 0.75 handle, which I believe will be rather resistive. If we see gold markets bounce, then we will more than likely see the same thing here. On the other hand, if we can break down below the bottom of the range for the day on Tuesday, I feel that the market will continue to drift lower, perhaps reaching towards the 0.73 level below. With this in mind, I have no interest in placing a trade until I get a daily close that confirms one direction or the other.