AUD/USD Forecast May 2, 2016, Technical Analysis

The AUD/USD pair fell during the course of the session on Friday, but there is plenty of support just below. That being the case, the market looks as if the buyers are below, and it should continue to jump in as the 0.75 level has been so supportive. That being the case, the market more than likely should continue to go higher. Pay attention to the gold markets, they had a very strong day on Friday, so with that being the case the Australian dollar will more than likely follow given enough time.