AUD/USD Forecast March 7, 2016, Technical Analysis

The AUD/USD pair broke higher during the course of the session on Friday, as we continue to see a massive amount of bullish pressure in the Australian dollar. Gold markets continue to rise, and that of course is very strong for the Aussie itself. With this, we believe the pullbacks should show support that we can continue buying on signs of support, as the market needs to pull back a little bit at this point in time due to the fact that we are bit overextended, but most certainly are very bullish at this point.