AUD/USD Forecast March 17, 2017, Technical Analysis

The Australian dollar fell a bit during the session on Thursday, after having significant gains on Wednesday. The 0.77 level looks to be rather resistive, and I think that the resistance runs all the way to the 0.7750 level. Once we break above there, the market should then be willing and able to drive towards the 0.80 above. At this point, I believe the pullbacks offer support, especially near the 0.76 level. Watch gold, it has influence on this market as per usual, and if it starts to rally, so will the Aussie dollar.