AUD/USD Forecast January 6, 2017, Technical Analysis

The AUD/USD pair broke out during the day on Thursday, clearing the 0.73 level. We are dealing with a significant amount of resistance in this general vicinity, but it looks as if the Australian dollar is trying to make a serious come back. Nonetheless, I’m waiting for signs of exhaustion to start selling due to a better than anticipated jobs number. At this point, it’s a bit risky to get involved before finding out what the employment situation is. Pay attention to gold, the market will of course have an influence on the Aussie.