AUD/USD Forecast April 7, 2017, Technical Analysis

The Australian dollar bounced during the day after initially falling on Thursday. This was due mainly to the 200-exponential moving average coming into play, which allow long-term traders pay attention to. Because of this, I think that this pair will be volatile the day with the jobs number coming out but I also expect to see massive support below the 0.75 handle. I’m currently looking for a buying opportunity in this market, but I don’t see it yet. With this, pay attention to gold if it rallies that should continue to help the Aussie as well. - 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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