AUD/USD Forecast June 16, 2016, Technical Analysis

The AUD/USD pair rose slightly during the course of the day on Wednesday, but quite frankly looks as if the market is simply grinding away. If we do break out above the top of the range for the day though, we could very well find ourselves reaching towards the most recent highs. At that point in time, if we can break above there and then we could go much higher. At present, I don’t have any real interest in trading this market unless we break out as there is far too much in the way of support below.

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