AUD/USD Forecast August 11, 2016, Technical Analysis

The AUD/USD pair took out during the course of the session on Wednesday, clearing the 0.7675 level. With this being the case, the market should continue to go much higher and if gold markets continue to push higher as well, this is a nice opportunity to go much higher. The market will more than likely continue to be volatile, but I do think that there are a lot of things in place to continue to push towards the 0.80 level above. With this, I am “buy only” at this point in time.

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