AUD/USD Forecast May 6, 2016, Technical Analysis

The AUD/USD pair fell during the course of the session on Thursday, as we test the support down between the 0.75 level and the 0.74 handle. Ultimately, this is a market that will be very sensitive to the US dollar and its fluctuations after the jobs number, and of course the gold market in general. That being the case, the market looks as if it should we could very well bounce from here and therefore a supportive candle or an impulsive candle to the upside would be reason enough to start going long.

Economic Calendar