AUD/USD Forecast April 4, 2017, Technical Analysis

The AUD/USD pair initially tried to rally during the day on Monday but found sellers as markets in general sold risk related assets. Ultimately, this is a market that I think has plenty of support just below it, so I’m looking for a supportive candle or a break above the top of the range of the Monday session to start going long. I don’t have any interest in shorting this market, I see far too many things below that could cause support. However, I do recognize the gold will more than likely need to help this pair.

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