AUD/USD Forecast March 31, 2017, Technical Analysis

The AUD/USD pair initially fell during the session on Thursday, but found enough support at the 0.7650 level to turn things around and form a hammer. A break above the top of the range for the day should be very bullish and should send this market towards the 0.7750 level. Alternately, a breakdown below the hammer would be negative but I think there’s plenty of support just below to continue to push this market higher. Also, it should be kept in mind that the gold markets have been rather strong lately, and it appears that they are trying to break out which should help this market. - 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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