AUD/USD Forecast April 17, 2017, Technical Analysis

The AUD/USD pair rallied on Friday as we continue to see a bit of a bounce due to gold and of course geopolitical risks. Adding fuel to the fire was President Trump suggesting that the US dollar was overvalued, so the US dollar loss value against several currencies. With this, I believe it’s only a matter of time before we break out to the upside and as soon as we get above the top of the range from Wednesday, the market will more than likely go looking towards the 0.7750 level above. Pullbacks should continue to be 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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