AUD/USD have forecast February 10, 2017, Technical Analysis

The AUD/USD pair went back and forth on Thursday, showing signs of confusion. I think there is more than enough support below at the 0.76 level to keep the market going higher, and eventually reaching towards the 0.7750 level. There is a significant amount of support underneath the 0.76 level, that extends all the way down to the 0.75 level. Ultimately, this is a market that will continue to be very choppy, but I believe that there is more of an upward bias in general. The gold markets of course will have an influence on this pair, as the positive correlation is strong.

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