AUD/USD Forecast February 14, 2017, Technical Analysis

The AUD/USD pair fell on Monday, as we continue to consolidate and chop back and forth. The 0.76 level underneath should continue to be supportive, and thus I believe that a bounce is likely to be reason enough to serve buying again. I think the market will then reach towards the 0.77 level, and eventually the 0.75 level. This is a market that continues to find buyers, and of course is highly influenced by the gold markets. Watch both, as they tend to move in tandem. Longer-term, I don’t see any reason the buyers don’t get their way.

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