AUD/USD Forecast January 10, 2017, Technical Analysis

The AUD/USD pair bounced off the 0.73 level during the session on Monday, showing signs of massive support. By doing so, the market looks as if it is ready to continue trying to rally, but given enough time we should see selling pressure to start selling the Australian dollar yet again. A break down below the 0.73 level also signify more selling, if we can break that barrier, believe that the market will then reach towards the 0.7150 level. Pay attention to gold, it always has a significant amount of influence on the Australian dollar.