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. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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