AUD/USD Forecast March 22, 2017, Technical Analysis

The AUD/USD pair initially fell on Tuesday, but turned around to rally and form a hammer. If we can break above the 0.7750 level, that would be a very strong sign and it should send this market much higher. I believe that given enough time, the Australian dollar will continue to climb overall, so pullback should be thought of as buying opportunities. Ultimately, I believe that this market will try to get to the 0.80 level above. Pay attention to gold, it could be the catalyst to push us much higher in this market.