AUD/USD Forecast June 10, 2016, Technical Analysis

The AUD/USD pair fell during the course of the session on Thursday, testing the 0.74 level. There is a significant amount of support at that area as we have seen quite a bit of resistance there as well. Ultimately, it makes a lot of sense that the market would bounce from there and therefore I am looking for a supportive candle or a bounce in order to start buying. I will wait until we get the daily close, but once we do and if it confirms that the buyers are coming back to the marketplace, I will not hesitate to start buying.

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