AUD/USD Forecast October 11, 2016, Technical Analysis

The AUD/USD pair went back and forth on Monday, showing quite a bit of volatility as the market really doesn’t have much in the way of directionality at this point. I do think that eventually we have to break out in one direction or the other, but I also recognize that the gold markets are probably the biggest problem that we face at the moment. After all, they are simply going sideways, and with that being the case it’s likely that we will have to wait until gold makes its move before the Australian dollar will as well.

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