AUD/USD Forecast October 26, 2016, Technical Analysis

The AUD/USD pair rallied during the day on Tuesday, breaking above the top of the shooting star from the Monday session. Ultimately, if we can break above the top of the candle from the session on Tuesday, I believe at that point in time we should then reach towards the 0.7725 level above. Pullbacks continue to offer support, and as a result we have to think about buying, especially if the gold markets rally anytime soon. Remember, the correlation is very strong between the 2 markets. I have no interest whatsoever in selling this market.

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