AUD/USD Forecast November 14, 2016, Technical Analysis

The AUD/USD pair had a negative candle form for the session on Friday, reaching towards the 0.75 level. That is an area that has been important more than once, and the uptrend line of course continues to support this market, as we continue to go much higher, perhaps reaching towards the 0.7750 level on signs of support. If we break down below the 0.75 level, the market then goes lower. Pay attention to gold, it has a massive amount of influence on this market as it typically has a positive correlation to the Aussie dollar.

Economic Calendar