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. - 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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