AUD/USD Forecast September 12, 2016, Technical Analysis

The AUD/USD pair fell rather rapidly during the course of the session on Friday, but as you can see there are a lot of support at various just below, so having said that I think that we will probably continue to chop around overall. There is most certainly a little bit more of a negative bias short-term though, so if you feel the need to be involved in the Australian dollar market, you probably should be involved from the downside. Any rally at this point in time will more than likely run into trouble at the 0.7675 level again.

Economic Calendar