AUD/USD Forecast August 9, 2016, Technical Analysis

The AUD/USD pair broke higher during the course of the day on Monday, showing strength yet again. Because of this, it appears of the Aussie is getting ready to break out, and if we can clear above the 0.77 level, I believe at that point in time we will continue to go much higher. Pullbacks should continue to offer value as the Aussie looks so strong, so having said that I believe that buyers will return again and again. I have no interest whatsoever in selling this market because of the bullishness.

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