AUD/USD Forecast January 9, 2017, Technical Analysis

The AUD/USD pair initially rallied on Friday, but turned around to test the 0.73 level for support. Ultimately, I think if we can break down below the 0.7250 level, the market will then reach down to the 0.7175 handle. If we can break above the top of the candle for the session on Friday, I believe that there is a significant amount of resistance is waiting to happen. Watch the gold markets, they certainly will over and selloff, the Aussie dollar will do the same. I have no interest in buying this market currently.