AUD/USD Forecast April 19, 2017, Technical Analysis

The AUD/USD pair fell during the trading session on Tuesday, touching the 200-day exponential moving average. I still think there’s a significant amount of support below at the 0.75 level, so a supportive candle could be a buying opportunity. If we break above the top of the shooting star from the Monday session, that would be a very bullish sign as well, so either way I think the easier to trade now is to go long. However, we need gold to help us as well, as there is such a high correlation between the 2 markets. - 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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