AUD/USD Forecast December 20, 2016, Technical Analysis

The AUD/USD pair initially trying to break back above the 0.73 level, but at this point it’s likely that the market will continue to drop from here. After all, we couldn’t hang onto the gains, so with this it’s only a matter of time before we reach down to the 0.70 level below. It is a market that will continue to fall due to the gold markets been so soft, so I believe that the market will be one that you can sell every time it rallies on short-term charts. I have no interest in buying this market, as the US dollar is the strongest currency in the world.

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