AUD/USD Forecast October 10, 2016, Technical Analysis

The AUD/USD pair initially tried to rally during the course of the session on Friday, but turned around to form a shooting star. I believe that sooner or later we are going to reach down to the 0.75 level below. That of course is a large, round, psychologically significant number. That of course is supportive as well, so I think at this point in time there are only short-term selling opportunities at this point in time and nothing more than that as this market is so choppy and of course the gold markets are going back and forth.

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