AUD/USD Forecast March 13, 2017, Technical Analysis

The AUD/USD pair rallied on Friday, showing signs of life at the 0.75 handle. This might be the beginning of the continuation of the longer-term uptrend, but we need to see a move above the top of the range for Friday in order to go long. If we break down below the 0.75 level, I think there is plenty of support all the way down to the 0.74 level. Because of this, I think it’s only a matter of time before the buyers get involved, unless of course we breakdown below the 0.74 handle.