AUD/USD Forecast November 8, 2016, Technical Analysis

The AUD/USD pair initially fell on Monday but then found buyers to push the market higher. The gold markets fell during the day, and then reached towards the 0.7750 level. There is an exhaustive amount of resistance between here and there that should continue to weigh upon the Aussie. Pullbacks at this point should continue to offer buying opportunities as there is plenty of bullish pressure underneath. With this being the case, I have no interest whatsoever in selling this market and will buy once we get above the 0.7750 level above.

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