AUD/USD Forecast November 10, 2016, Technical Analysis

The AUD/USD pair initially tried to break out above the 0.775 level on Wednesday, but found enough volatility and more importantly resistance to turn the market back around. The market looks absolutely exhausted though, and as a result I think what we’re going to see next is a simple continuation of what is been going on to begin with. A gradual climb higher. As long as we do not make a break below the bottom of the candle from the Wednesday session, I believe that short-term buying opportunities exist. I have no interest in selling until we break down from there.

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