AUD/USD Forecast September 8, 2016, Technical Analysis

The Australian dollar had a very neutral candle as we continue to hover around the 0.7650 level. Having said that, I think that pullbacks will eventually bring back buyers, on signs of support. A break above the top of the candle should be a buying opportunity as well. However, we are in an area that’s been very attractive to the market, so could take a while to break out to the upside. Given enough time, the market should reach towards the 0.80 level, and go higher time we pullback as it gives us an opportunity to pick up value.

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