AUD/USD Forecast March 14, 2017, Technical Analysis

The Australian dollar rallied during the day on Monday, as we continue to see a bit of a rebirth in the uptrend. The 0.75 level has offered a significant support level, and we have gained almost 100 pips since then. If we can break above the top of the range for the day, I think we will continue to try to grind towards the 0.7750 level above. Pullbacks should represent value in a market that looks relatively healthy longer-term. Attention to gold, it always has an influence on the Australian dollar as well, so that could give you your first hint.

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