AUD/USD Forecast March 21, 2017, Technical Analysis

The Australian dollar rose during the day on Monday, testing the 0.7750 level. If we can break above here, I think that the market will continue to go much higher, perhaps reaching towards the 0.80 level after that. That is a historically important level, so be aware the fact that we will have a lot of volatility in that area. Pullback should continue to be buying opportunities, and if gold finds any real strength and could be even more momentum building action for the Australian dollar. I don’t have any interest in selling this market, it looks very well supported. - 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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