AUD/USD Forecast April 5, 2017, Technical Analysis

The AUD/USD pair broke down on Tuesday, testing the 200-exponential moving average. Even though this is a very bearish candle, I believe that buyers are coming soon. Longer-term traders pay quite a bit of attention to the 200-exponential moving average, and of course we of the psychologically significant 0.75 handle underneath. A supportive candle should be reason enough to go long, but I think that there is a massive ceiling at the 0.7750 level as well. Gold markets continue to struggle, so that is one of the bigger stories over here and the Aussie right now. - 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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