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.

Eracash.com - 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.

All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. Eracash.com bears no responsibility for any trading losses you might incur as a result of using any data within the Eracash.com