AUD/USD Forecast April 12, 2017, Technical Analysis

The Australian dollar went back and forth during the day as the 0.75 level continues to attract traders. However, gold markets are broken out so a break above the top of the candle for the session could be a buying uptrend. That’s not to say that is going to be easy, but it does certainly look like we could get a bit of a bounce. It will be volatile, but if gold goes higher, eventually the Australian dollar tends to as well. There is a massive amount of support just below, so I’m not interested in selling. - 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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