AUD/USD Forecast October 27, 2016, Technical Analysis

The AUD/USD pair initially tried to rally during the course of the day on Wednesday but turned around to form a massive shooting star. While this is typically a negative sign, the reality is that the lows keep getting higher, so I feel that any fall from here will simply be a pullback that is looking for support in order to build up enough momentum to break out to the upside. Alternately, if we can break above the 0.7750 level, I feel that the market is ready to continue going higher. I have no interest in selling.

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