AUD/USD Forecast November 9, 2016, Technical Analysis

The AUD/USD pair fell initially on Tuesday but we did have enough bullish pressure under need to continue the move higher. Because of this, I feel that it is only a matter of time before we reach to the upside and perhaps the psychologically significant level at the 0.80 handle. That is an area that has been important time and time again on longer-term charts in this market, so I believe that it makes sense that we will start targeting that area. This will be especially true if the gold market breakouts of the upside.

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