AUD/USD Forecast September 26, 2016, Technical Analysis

The AUD/USD pair fell slightly during the course of the session on Friday, breaking the bottom of the shooting star from Thursday. This of course is a fairly negative sign, and as a result I think that the sellers probably will continue to push a bit in this market. However, there is a significant amount of support just below, so I think this is a short-term selling opportunity at this point in time, nothing more. I believe that the 0.75 level will continue to be massively supportive, and of course you have to pay attention to the gold markets as they have a positive correlation with the AUD/USD pair.

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