AUD/USD Forecast November 11, 2016, Technical Analysis

The AUD/USD pair initially rallied on Thursday, but continues to find the 0.7750 level above massively resistive. Because of this, we did up falling rather significantly and now it looks like we are going to continue to see signs of massive volatility going forward as the gold markets are causing quite a bit of noise. Ultimately, the 0.75 level below is massively supportive, so I think a bounce could be coming but quite frankly this is a market that’s very difficult to deal with now, and as a result I continue to sit on the sidelines in general.

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