AUD/USD Forecast July 14, 2016, Technical Analysis

The AUD/USD pair initially fell during the day on Wednesday but turned around to show signs of positivity. With this being the case, I feel that the market is going to continue to grind itself higher, but I must be honest and admit that I prefer to go long the New Zealand dollar rather than the Australian dollar at this point in time. It’s not to say that you can’t make money going to the upside here, just that it’s going to be a little bit more difficult than it will in its Antipodean cousin.

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