AUD/USD Forecast August 30, 2016, Technical Analysis

The AUD/USD pair initially fell during the course of the day on Monday, but turn right back around to form a bit of positive momentum. With this being the case, it will be interesting to see what happens next but I still think that the 0.7675 level above continues to offer quite a bit of resistance. Ultimately, this is a market that sooner or later should have a fairly exhaustive candle that we can start selling. On the other hand, the gold markets take off to the upside, then we can start thinking about buying the Aussie.

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