AUD/USD Forecast December 12, 2016, Technical Analysis

The AUD/USD pair trying to rally on Friday, but found the 0.75 level above to be far too resistant. The shooting star suggested quite a bit of negativity, and as a result I think that we will continue to go back and forth between the 0.74 and 0.75 above. Given enough time though, it looks as if we are going to fall from here and resources 0.73 level. The gold market of course has quite a bit of influence on this pair, so having said that if it falls, I’m going to start shorting the Aussie immediately.