AUD/USD Forecast March 20, 2017, Technical Analysis

The Austrian dollar rose on Friday, testing the 0.77 level. It looks as if we are going to try to break out to the upside given enough time, so I am fairly confident on buying dips. Pay attention to gold markets, they of course can have quite an influence on the Aussie as well, and given enough time I think that’s exactly was going to happen, were going to see strength in the gold markets which will be followed by the Australian dollar. I still believe that the longer-term target at this point is the 0.80 handle.