AUD/USD Forecast April 3, 2017, Technical Analysis

The AUD/USD pair had a volatile session during the day on Friday, as the 50-day exponential moving average continues to offer support. A break above the top of the candle should be a bullish sign and should send markets looking towards the 0.7750 level. Gold markets need to rally to help the Aussie in my estimation, and currently are testing quite a bit of resistance at the $1260 level. Given enough time, I believe we do go higher but I also expect to see quite a bit of volatility in the short term.