AUD/USD Forecast April 6, 2017, Technical Analysis

The Australian dollar tried to rally on Wednesday, but struggled a bit as we ended up forming a less than impressive candle. Because of this, I believe that the market is going to be very choppy going forward, especially if the gold markets cannot breakout to the upside. Currently, gold seems to be in a range, and I believe that the Australian dollar is as well, with the .75 level being the bottom and the .7750 level being the top. Expect choppy conditions, but it does show quite a bit of support just below. - 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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